By Andrew M Spencer — Dec 08 - 10:10 PM
Off 0.1% in a 1.0551-1.0569 range with the USD 0.1% firmer
Trump calls for immediate Ukraine ceasefire, Kyiv and Moscow cite conditions
It will be interesting to see if Trump can orchestrate a compromise
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 is now pivotal resistance
Last week's 1.0461 base and the November 1.0331 low are initial supports
1.0540 525m, 1.0550 429mln, 1.0590 518mln, & 1.0600 1.207BLN Dec 12 strikes
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters