By Andrew Spencer — Jan 05 - 09:46 PM
• +0.05% with the U.S. dollar down 0.1%, sustaining Friday's modest bounce
• Irish services PMI new business growth hits nine-month high in December
• Farmers' convoys head for Paris to restart protests after Mercosur deal
• Protests add to the pressures on new French government, after weak PMI
• Charts - daily momentum studies conflict, 21-day Bollinger bands edge lower
• 5, 10 & 21-DMAs slide, weekly moving averages fall - a bearish bias
• Last Thursday's 1.0375 high, then Monday's 1.0458 top are initial resistance
• 1.0195 0.618% 2022/23 rise then 0.9902 0.786% are the first supports
• 1.03001.842 BLN, 1.0350 965mln close significant strikes for Jan 6th
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters