By Andrew Spencer — Dec 30 - 06:41 PM
• Steady after closing down 0.25% with the USD up 0.05%, EUR/JPY -0.9%
• A release of the debt brake could pull Germany out of its current slump
• Expect tight year-end ranges, with no significant Eurozone data offshore
• Charts - neutral daily momentum studies, 21-day Bollinger bands ease
• Mixed 5, 10 & 21-DMAs, weekly moving averages fall - a modest bearish bias
• Yesterday's 1.0458 high, then the Dec 17th 1.0535 top are initial resistance
• November 1.0331 2024 low, then 1.0195 0.618% 2022/23 rise are first supports
• 1.0450 462 mln are the only close significant strikes for Dec 31st
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters