• ff0.15% after closing up 0.1%, recovering early losses, with the USD -0.05
• Europe ready to negotiate with the US on trade - warns of 'race to bottom'
• Easing tariff fears - markets fully price a 25pt ECB rate cut next week
• Charts - positive daily momentum studies, 21-day Bollinger bands expand
• 5, 10 & 21-DMAs edge conflict, weekly moving averages fall - neutral setup
• 1.0437 2025 high, then 1.0472 upper 21-day Bollinger band initial resistance
• Monday's 1.0266 low, then the 1.0177 2025 base are the first supports
• 1.0437/72 2025 high and upper 21-day Bollinger band should prove resilient
• 1.0400 1,526BLN and 1.0500 1,418BLN - close Jan 22nd strikes
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)