• Steady after closing unchanged with the U.S. dollar slipping 0.1%

• Yield spreads tightened, 10yr bund +8bp 2.401%, 10yr UST +6bp TWEB

• EZ yields up on political turmoil in France and the upcoming German election

• ECB Governing Council Holzmann - next ECB rate cut could be longer in coming

• Charts - positive daily momentum studies, 21-day Bollinger bands contract

• Mixed 5, 10 & 21-DMAs, weekly moving averages fall - a modest bearish bias

• Dec 17th 1.0535 high, then the December 1.0630 top are initial resistance

• November 1.0331 2024 low, then 1.0195 0.618% 2022/23 rise are first supports

• 1.0445 402mln are the only close significant strikes for Dec 30th
Andy

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