• Flat after closing up 0.8%, with the USD off 0.8% and lower Treasury yields

• Trump promises Kyiv will be involved in peace talks with Russia

• Euro zone industrial production shrank faster than expected in December

• Germany faces a year of industrial strife - hard to be a EUR/USD optimist

• Charts - rising 5, 10 & 21 DMAs as 21-day Bollinger bands climb

• Positive daily momentum studies - daily signals have turned positive

• Yesterday's 1.0374 low and then the Feb 4 1.0272 base are initial support

• 1.0508 upper 21-day Bolli and Jan 27th 2025 1.0534 top initial resistance

• 1.0450 1.404BLN and 1.0475 1.783BLN close strikes for Feb 14th
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)