• Flat early - closed +0.15%, despite a firmer USD, on EUR/GBP, EUR/JPY demand

• EUR/GBP +0.7% after UK public spending unexpectedly surged nL8N33B12L

• Bund/UST 10yr yield spreads tightened 5bp, major change may prompt next move

• Charts; euro stalled below pivotal 1.0743 61.8% 2022 fall - capped last week

• Momentum studies edge lower, 5, 10 & 21 day moving averages conflict

• 21 day Bollinger bands head higher - topside bias while 1.0525 21 DMA holds

• NY 1.0590-1.0646 range is initial support, resistance

• 1.0630/45 612 mln are the close strikes for December 22

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