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Sep 17 - 09:55 PM

EUR/USD - Resilient As EU Tackles Security, Economy And Growth.

By Andrew M Spencer  —  Sep 17 - 07:50 PM
  • +0.05% after the EUR closed down 0.15%, resilient to a 0.3% USD bounce

  • 10yr yield spreads were unchanged - the USD firmed on strong U.S. data

  • The next EU Commission to focus on competitiveness, growth, and defence

  • Charts; daily momentum studies conflict, 21-day Bollinger bands flat-line

  • Mixed 5, 10 & 21-day moving averages - overall a modest positive bias

  • A close below 1.0996, 0.382% Jun/Aug rise would end the topside bias

  • The September 1.1155 top, then the 1.1201 August high are first resistance

  • 1.1100 909mln, 1.1110/15 1.062 BLN and 1.1125 1.399BLN close Sep 19 strikes

  • 1.1125 1.399 BLN strikes a likely magnet today in Asia

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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