• Off 0.05% in a 1.0305-1.0320 range with the U.S. dollar off 0.05% in Asia
• Plenty of EZ data- German IP, EZ retail sales, and the ECB Economic Bulletin
• There are four Federal Reserve speakers tonight - could generate volatility
• ECB should help euro zone economy run at potential, board member Cipollone
• 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 base 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.)