By Andrew M Spencer — Dec 04 - 06:10 PM
+0.05% after closing unchanged with the U.S. dollar also steady
French lawmakers passed a no-confidence vote against the government
ECB's President Lagarde cautious on the medium-term EZ economic outlook
Charts - daily momentum studies edge higher as 21-day Bolli bands contract
5, 10 & 21-DMAs coil, weekly moving averages fall - a modest bearish setup
1.0561 21 DMA then the 1.0610 recent range top is pivotal resistance
Last week's 1.0425 base and the November 1.0331 low are initial supports
1.0500 1.198BLN 1.0505 650 mln and 1.0525 1.140BLN strikes for December 5th
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters