By Andrew M Spencer — Dec 16 - 09:55 PM
+0.15% in a 1.0507-1.0535 EBS range with the U.S. dollar off 0.1%
German ifo Business Climate and ZEW Economic Sentiment lead EZ data
Retail sales lead a busy US data schedule - potential volatility
Charts - daily momentum studies flat-line, 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 December 1.0630 top and 1.0668, 0.382% Sep/Nov fall are first resistance
Friday's 1.0453 base and then the November 1.0331 low are initial support
1.0475 858mln and 1.0525 1.927 BLN close strikes for Dec 17th
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters