By Andrew M Spencer — Dec 17 - 06:40 PM
Steady after closing down 0.2%, with the U.S. dollar 0.15% firmer
EUR fell on the major crosses EUR/JPY -0.65%, and EUR/GBP -0.4%
German business sentiment tumbled in December amid 'chronic' weakness
Expecting a tight trading range in Asia ahead of tonight's FOMC
Charts - daily momentum studies conflict, 21-day Bollinger bands contract
Neutral 5, 10 & 21-DMAs, weekly moving averages fall - no strong bias
1.0668 0.382% of the September/November fall remains pivotal resistance
The 1.0595 upper 21-day Bolli, and December 1.0630 top are first resistance
Friday's 1.0453 base and then the November 1.0331 low are initial support
1.0490 628mln and 1.0500 1.665 BLN close strikes for Dec 18th
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Source:
London Stock Exchange Group | Thomson Reuters