By Andrew M Spencer — Nov 09 - 10:15 PM
Unchanged at the top of a 1.2213-1.2225 range with modest interest on D3
A raft of UK data, led by GDP, industrial production and construction
Data will give a good snapshot of the health of the UK economy
Charts; Thursday's bearish outside day confirmed by a close under 1.2220
Momentum studies conflict, 5, 10, and 21-day moving averages coil
21-day Bollinger bands flat line - neutral setup suggests consolidation
This week's 1.2428 high and 1.2435 200-day moving average a viable range top
The 1.2198 21 DMA, and then the 1.2096 November low are initial supports
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Source:
Refinitiv IFR Research/Market Commentary