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Aug 30 - 10:55 PM

EUR/USD - Downtrend Stalled, As ECB Hike Expectations Grow

By Andrew M Spencer  —  Aug 30 - 09:00 PM

  • +0.1% in Asia, as expectations of decisive ECB hike grow nL1N3061S0

  • Germany's municipal utilities expect up to 15% client defaults nL1N3061OV

  • Sector needs government help to ease impact of rising energy nL1N30409R

  • 10 & 21 day, week and month ma's fall, but daily momentum studies base

  • 21 day Bollinger bands track lower - bearish longer term, short term stalled

  • Asian early 1.0016 low then Tuesday's 0.9982 base are initial supports

  • Close above 1.0113 falling 21 day moving average would be positive

  • 1.0000 1.888 BLN and 1.0100 2.530 BLN are the close significant strikes

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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