By Andrew M Spencer — Dec 09 - 06:35 PM
Steady after easing 0.1% with the USD +0.2%, supported by higher UST yields
VW, unions hold 'constructive' talks, but there is no solution in sight
Hard to be a Euro optimist with Paris, Berlin mired in political uncertainty
Charts - daily momentum studies climb as 21-day Bollinger bands contract
5, 10 & 21-DMAs coil, weekly moving averages fall - a neutral setup
Daily technical signals converge, which often precedes a breakout
1.0668 0.382% of the Sep/Nov fall remains pivotal resistance
Last week's 1.0461 base and the November 1.0331 low are initial supports
1.0500 1.402BLN, 1.0550 650mln and 1.0600 2.299BlN Dec 10 close strikes
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Source:
London Stock Exchange Group | Thomson Reuters