• Flat after closing up 0.53% with the USD off 0.4% as US tariffs reverberate

• Rising EZ yields supported EUR on tariff uncertainty, 10yr Bund +7bp 2.430%

• French central bank sees a return to growth in the first quarter

• EU Commission wants next EU budget to aid competitiveness, foreign policy

• Charts - 5, 10 & 21 DMAs conflict as 21-day Bollinger bands contract

• Neutral daily momentum studies - no significant bias at familiar levels

• Last Tuesday's 1.0272 low, then last week's 1.0125 base are initial support

• Last week's 1.0443 high, then the Jan 30th 1.0468 top are initial resistance

• 1.0340 783mln and 1.0390 866mln close strikes for Feb 12th
Andy

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