• Flat after closing down 0.5% amid broad USD +0.35% and UST yield strength

• EZ inflation rose on energy costs, consumer inflation expectations climbed

• Data had little impact on ECB expectations as the economy and jobs are weak

• Charts - mixed daily momentum studies, 21-day Bollinger bands edge lower

• 5, 10 & 21-DMAs ease, weekly moving averages fall - modest negative bias

• December 30th 1.0458 top then Dec 17 1.0535 high are initial resistance

• 1.0224 January low then 1.0195 0.618% 2022/23 rise are the first supports

• 1.0350 712mln are the only significant close strikes for Jan 8th
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)