By Andrew M Spencer — Dec 05 - 06:35 PM
Steady after closing up 0.75%, pushing the USD to close 0.6% lower
French bonds, and stocks took a breather after the government collapse
Macron to appoint a new prime minister soon - uncertainty reigns
EUR shorts covered into the often volatile U.S. jobs data
ECB to cut rates by 25 bps on Dec 12 - four more likely in 2025
Charts - daily momentum studies climb as 21-day Bolli bands contract
5, 10 & 21-DMAs coil, weekly moving averages fall - a modest bearish setup
The 1.0610 recent range top is the pivotal resistance for next week
This week's 1.0461 base and the November 1.0331 low are initial supports
1.0550 946 mln, and 1.0600 1.237 BLN close strikes for December 6th
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters