By Andrew Spencer — Mar 03 - 10:07 PM
• -0.05% in a 1.2689-1.2708 range with moderate flow on FX Matching
• Trump halts all U.S. military aid to Ukraine, White House official says
• Stocks slump, Nikkei -1.8%, AsiaxJP -0.55%, FTSE Index -0.55%, 10yr UST -4bp
• UK prices to rise as retailers pass on higher employment costs, BRC
• Charts - 5, 10 & 21-day MAs climb, as 21-day Bollinger bands head higher
• Positive daily momentum studies - the bounce leaves a bullish setup
• The 1.2566 21 DMA and the 1.2560 base on Friday are initial support
• 1.2730 Dec 18 top then 1.2785 200-day moving average are first resistance
• A sustained break of the 1.2566 21-day moving average ends the topside
bias
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters