• Steady after closing down 0.33% with the USD up 0.4% on Friday

• IMF cuts economic forecasts for Germany, France - raised nL1N3OD0LQ the US

• If forecasts prove correct, EUR/USD will remain a sell-into strength

• Charts - neutral daily momentum studies, 21-day Bollinger bands ease

• 10 & 21-DMAs edge lower, weekly moving averages fall - downtrend survives

• Wednesday's 1.0354 top, then the 2025 1.0437 high are initial resistance

• 1.0195 0.618% of 2022/2023 rise then 1.0177 2025 base are first supports

• Bulls need a close above last week's 1.0437 and 2025 high to get excited

• 1.0250 657 mln and 1.0300 2.255 BLN are the close strikes for Jan 20th For more click on FXBUZ
Andy

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