• Flat after falling 1.1% with the USD up 1.35% on easing US/China tensions

• Monday's close below the 1.3169 0.382% Fibo support leaves a bearish setup

• UK shoppers celebrate Easter and the sunshine with a spending splurge

• UK's Starmer, under pressure from Farage, pledges big drop in immigration

• Charts - 5, 10, & 21-day moving averages crest/fall, momentum studies slip

• Neutral 21-day Bolli bands - daily charts have turned net bearish

• 1.3297 21-DMA, then last week's 1.3402 high, are the first resistance levels

• Monday's 1.3140 low, then 1.3077, 0.5% of the April rise are first support
Andy

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