• +0.05% early after closing down 0.37% with the U.S. dollar up 0.35%

• US dollar demand at month end caused by the volatile August markets

• German inflation fell to 2.0% in August, supporting ECB rate cuts

• Charts; daily momentum studies crest, 21-day Bollinger bands contract

• 5, 10 & 21-day & week moving averages conflict - signals are now neutral

• Close below the 1.1129 10-day moving average ended the topside bias

• The pivotal 1.1037 21-day moving average is in view - close below bearish

• 1.1050/60 1.853 BLN, 1.1075 550mln and 1.1100 734mln close Aug 30th strikes

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