By Andrew M Spencer — Dec 17 - 09:50 PM
+0.1% in a tight 1.0492-1.0504 range, as markets await the FOMC meeting
ECB chief economist Philip Lane is due to speak at an MNI webinar
Fed officials will deliver projections factoring in Trump policies
Projections and the Fed's tone in the statement, press conference are key
Charts - daily momentum studies conflict, 21-day Bollinger bands contract
Neutral 5, 10 & 21-DMAs, weekly moving averages fall - no strong bias
1.0668 0.382% of the September/November fall remains pivotal resistance
The 1.0595 upper 21-day Bolli, and December 1.0630 top are first resistance
Friday's 1.0453 base and then the November 1.0331 low are initial support
1.0490 628mln and 1.0500 1.665 BLN close strikes for Dec 18th
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Source:
London Stock Exchange Group | Thomson Reuters