• Trades off 0.05% at the base of a 1.0241-1.0280 range after early volatility
• Report Trump advisors are mulling gradual tariff hikes saw a late USD dive
• Move was short-lived, but Trump policy uncertainty suggests more volatility
• Rehn - ECB to end policy restriction by midsummer - tariffs cloud outlook
• Charts - daily momentum studies ease, 21-day Bollinger bands slide
• 5, 10 & 21-DMAs slip, weekly moving averages fall - negative trending setup
• Friday's 1.0312 top, then last week's 1.0437 high are initial resistance
• 1.0195 0.618% of 2022/2023 rise then Monday's 1.0177 base are first supports
• 1.0250 561 mln and 1.0275 620 mln are the close strikes for Jan 14th
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)