• Off 0.05% in a tight 1.0376-1.0398 Asian range with the USD steady

• Battle rages in western Russia as Moscow reports gains in Ukraine

• Both sides are trying to gain an advantage ahead of US President Trump

• Outcome will be a major factor economically for the Eurozone in 2025

• Charts - positive daily momentum studies, 21-day Bollinger bands contract

• Neutral 5, 10 & 21-DMAs, weekly moving averages fall - no strong daily bias

• December 30th 1.0458 top then Dec 17 1.0535 high are initial resistance

• 1.0224 January low then 1.0195 0.618% 2022/23 rise are the first supports

• 1.0375 820mln and 1.0420/25 1.218 BLN close significant strikes for Jan 7th
Andy

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