Weak close on the month sets up a soft start to September

We are maintaining a short from 1.2670 for 1.2405 with 1.2805 stop

Initial support at 1.2650, 100-day moving average

Daily momentum readings flipped to negative Thurs

RSI neutral but beginning to point down

Resistance and likely squeeze levels from 1.2726 through 1.2745

A bullish resumption targets 1.2776, 38.2% Fibo of 1.3144-1.2548

For more click on FXBUZ