By Andrew M Spencer — Sep 10 - 07:40 PM
Steady after closing off 0.15% as sentiment weighs, with the USD up 0.1%
Volkswagen paves the way for redundancies - bellwether for German industry?
German inflation fell to 2% in August- ECBWATCH - 25pt Sep 12 cut at 97.93%
Charts; daily momentum studies slip, 21-day Bollinger bands contract
5, 10 & 21-day moving averages conflict - mixed signals show little bias
A close below 1.0996, 0.382% of the Jun/Aug rise would end the uptrend
Tuesday's 1.1050 top then Monday's 1.1090 high are initial resistance
1.1000 1.2266 BLN and 1.1020/25 1.193 BLN are the close Sep 11th strikes
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary