• 0.1% lower near the base of a tight 1.0398-1.0416 range - low-key in Asia
• Trump threatens Russia, others with tariffs if a Ukraine deal is not reached
• A workable Ukraine/Russia deal would be a major positive for Europe/Euro
• Charts - positive daily momentum studies, horizontal 21-day Bollinger bands
• 5, 10 & 21-DMAs edge base/rise, weekly moving averages fall - no strong bias
• 1.0450 55-DMA, 1.0457 2025 top, 1.0467 upper 21-day Bolli first resistance
• 1.0343 21-day moving average and Monday's 1.0266 low are initial supports
• 1.0450/67 M/A, 2025 high and upper 21-day Bollinger band will be resilient
• 1.0400 2.599 BLN and 1.0450 767 mln - close Jan 23rd strikes
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)