By Andrew M Spencer — Dec 09 - 06:55 PM
Flat after closing up 0.1%, resilient with the U.S. dollar also up 0.1%
British gov't departments to focus spending on Starmer's priorities
UK fin min Reeves met the 'Eurogroup' - pushing to reset ties after Brexit
As rising US tariffs approach, a strong UK/EZ working relationship is key
Techs - neutral daily momentum studies, 21-day Bollinger bands contract
5, 10 & 21-DMAs conflict - neutral daily setup, weeklies still bearish
Last week's 1.2619 low, then the 1.2475 November trend low initial supports
Friday's 1.2810 top then 1.2839, 0.382% September/November fall resistance
A close above 1.2839 would end the September-November downtrend
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters