By Andrew M Spencer — Dec 18 - 09:45 PM
Trades +0.15% as the USD slipped 0.2% - UST yields eased after the US surge
The Federal Reserve surprised markets - a sign of the Trump-led future?
Bank of England to keep rates steady as UK price pressures linger
The Monetary Policy Summary will be key for the market response to the BoE
Charts - negative daily momentum studies, 21-day Bollinger bands expand
5, 10 & 21-DMAs fall - a negative daily bias, plus weeklies remain bearish
Targets a test of the 1.2475 November trend base, then the 1.2446 May low
Yesterday's 1.2730 high, then the 1.2810 December top are initial resistance
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters