By Andrew M Spencer — Dec 03 - 06:30 PM
Off 0.05% early after closing up 0.1%, inside day, with the USD off 0.1%
French risk premium near 12-year high as the government faces collapse
Far-right leader Marine Le Pen behind a second crisis in 6 months
Charts - daily momentum studies flat-line 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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Source:
London Stock Exchange Group | Thomson Reuters