• Trades 0.5% higher with the USD down 0.55% - hectic early on FX Matching

• The USD was sold at the open and then extended into the European open

• USD selling may be trimming Trump election bets - polls too close to call

• There is no UK data today or BoE events, so risk and the USD lead GBP

• Charts - neutral daily momentum studies, 21-day Bollinger bands slip

• 5, 10 & 21-day moving averages fall - signals show a bearish trending bias

• Thursday's 1.2844 low, then the 1.2665 Aug base are initial supports

• The 1.2999 top on Thursday and last week's 1.3043 high are first resistance

• 1.2945/50 519mln and 1.2970/80 793 mln close strikes for Nov 4th

For more click on FXBUZ