• Little changed in a 1.0497-1.0512 range, after an inside day on Tuesday

• Focus on French politics as a no-confidence vote is expected today

• If the vote passes French risk premium will likely remain under pressure

• Charts - neutral daily momentum studies as 21-day Bollinger bands contract

• 5, 10 & 21-DMAs crest, weekly moving averages fall - net a bearish setup

• 1.0571 21 DMA then the 1.0610 recent range top is pivotal resistance

• Last week's 1.0425 base and the November 1.0331 low are initial supports

• 1.0490 550mln and 1.0525 1.902BLN close major strikes for December 4th

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