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
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Source:
Refinitiv IFR Research/Market Commentary