• Softer Euro (-0.5%) led by dollar reprieve. Range = 1.1122-84

• Pullback so far stemmed by 200-hour MA (1.1119), which has defined uptrend

• A break would leave 1.11 vulnerable to a break

• Resistance: 1.1156 (100-hour MA)

• It's a bad day to be short USD nL1N3KF08N

• M3 data will encourage ECB to cut rates weighing euro nL1N3KF0AA

• ECB likely to cut in Sept and Dec 0#ECBWATCH

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