By Andrew M Spencer — Dec 15 - 06:30 PM
Steady after an early 0.15% dip - closed up 0.35% with the USD steady
Heavy EUR/GBP FX matching flow Friday, after weak UK data EUR/GBP +0.73%
Macron's new PM Bayrou faces budget battle with fractious French parliament
Bayrou will need an unlikely change of heart from the opposition to succeed
Charts - mixed daily momentum studies, amid neutral 21-day Bollinger bands
5, 10 & 21-DMAs conflict, weekly moving averages fall - no strong bias
1.0668 0.382% of the September/November fall remains pivotal resistance
Thursday's 1.0531 high and the December 1.0630 top are the first resistance
Friday's 1.0453 base and then the November 1.0331 low are initial support
Dec 16th 1.0500 3.188 BLN strikes may anchor EUR/USD in Asia
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters