By Andrew M Spencer — Aug 28 - 11:40 PM
Trades 0.1% higher in a tight 1.1120-1.1133 range with the USD off 0.1%
German inflation leads EZ data risk then US GDP and weekly jobs
Charts; daily momentum studies crest, 21-day Bollinger bands rise
5, 10 & 21-day & week moving averages climb - signals remain bullish
1.1129 10-day moving average and Thursday's 1.1098 low are key supports
A close below 1.1098 would target the pivotal 1.1025 21-day moving average
Uptrend needs a close above 1.1201 soon, or signals will roll over
1.1100 618mln and 1.1150/60 888mln are the close strikes for August 29th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary