By Andrew M Spencer — Dec 10 - 10:10 PM
+0.05% in a 1.2772-1.2781 range - occasional FX Matching flow - =USD -0.05%
It's not unusual for FX majors to consolidate in Asia ahead of major US data
US CPI leads event risk, with no significant UK data or BoE events today
Techs - neutral daily momentum studies, horizontal 21-day Bollinger bands
5, 10 & 21-DMAs conflict - little daily bias, weeklies still bearish
Last week's 1.2619 low, then the 1.2475 November trend low initial supports
Friday's 1.2810 top then 1.2839, 0.382% September/November fall resistance
A close above 1.2839 would end the September-November downtrend
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters