• Off 0.05% after closing down 0.2%, with the USD up 0.25%

• December data showed the Eurozone ended 2024 still skirting recession

• As the EZ economy falters, bunds hit the highest level in five months

• Hard to be a Euro bull until Germany and France have functioning governments

• Charts - horizontal daily momentum studies, 21-day Bollinger bands slide

• 5, 10 & 21-DMAs ease, weekly moving averages fall - a negative bias

• Monday's 1.0437 top, then Dec 17 1.0535 high are initial resistance

• Yesterday's 1.0273 low, then the 1.0224 January low are the first supports

• 1.0300 4531 BLN, 1.0340 866mlm and 1.0350 1.943BLN close strikes for Jan 9th
Andy

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