-0.05% after closing up just 0.1% - choppy after U.S. CPI gave few surprises

Yield spreads little changed, 10yr bund +5bp to 2.427%, 10yr UST +4bp 3.753%

Surprise strong Q4 EZ employment fueled more aggressive ECB hike fears

Charts; momentum studies conflict, 21 day Bollinger bands expand

10 & 21 day moving averages head lower - remains a negative setup

Well tested falling 1.0648 lower 21 day Bollinger band supports

Brief 1.0805 post U.S. CPI high then 1.0814 21 DMA are first resistance

Bias is for a test of 1.0482 2023 low while closes below 1.0814 21 DMA

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