By Andrew M Spencer — Dec 16 - 06:35 PM
Steady after closing up 0.1% with the USD off 0.1% - modest UST moves
German Chancellor Scholz loses no-confidence vote, paves way for an election
ECB President Lagarde expects more rate cuts as inflation fears abate
As Trump announces policies, tariff increases, yield spreads to support USD
Charts - mixed daily momentum studies, 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
Thursday's 1.0531 high and the December 1.0630 top are the first resistance
Friday's 1.0453 base and then the November 1.0331 low are initial support
1.0475 858mln and 1.0525 1.927 BLN close strikes for Dec 17th
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters