• Steady after closing off 0.55% with the USD up 0.5% on Trump tariff threats
• Lunar New Year into the FOMC suggests tight ranges in a holiday-hit Asia
• Japan, Australia are the only major centres open - EUR/JPY flows may be key
• Germany in deep economic crisis, GDP to shrink for a third year - BDI
• The Eurozone and the Euro needs a prosperous Germany in these troubled times
• Charts - neutral daily momentum studies, expanding 21-day Bolli bands
• 5, 10 & 21-DMAs rise, neutral weekly moving averages - modest topside bias
• Targets a test of the 1.0535 December range top and 1.0630 December high
• Jan 23rd 1.0372 base is pivotal support, then the 1.0266 Jab 20th low
• 1.0400 1.062 BLN, 1.0425/30 1.507 BLN, 1.0450 816mln close Jan 29th
strikes
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)