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Sep 10 - 08:55 PM

EUR/USD - Heavy Above Key Support, As Data And Sentiment Weigh

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

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