By Andrew M Spencer — Dec 23 - 09:40 PM
Off 0.05% in a tight and quiet 1.2524-1.2535 range on LSEG FX Matching
There is no UK data ahead of the Christmas holiday in the UK - likely quiet
Nobody knows what 2025 will bring, but geopolitics suggest it will be busy
Charts - daily momentum studies ease, neutral 21-day Bollinger bands
5, 10 & 21-DMAs crest/fall - modest downside bias, weeklies remain bearish
The 1.2475 November trend base held on Friday - so becomes major support
Last week's 1.2730 high, then the 1.2810 December top are initial resistance
The 1.2446 May low and the 1.2810 December high are the pivotal levels
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Source:
London Stock Exchange Group | Thomson Reuters