• +0.1%, after early gains, USD -0.15% as e-minis fall on US downgrade

• ECB hawk Wunsch says central bank may need to cut rates below 2% - FT

• Markets agree - current 2.25%, 0#EURIRPR prices 52bp of ECB cuts to Dec 18th

• Centrist wins Romanian election, centre-right in Portugal, Poland in balance

• Britain hopes to reset trade and defence ties with the EU in Monday's talks

• Charts- 21-day Bollinger bands ease, 10 & 21-day moving averages slip

• Daily momentum studies conflict - daily charts retain a bearish setup

• A close above the 1.1293 21-day moving average would end the downside bias

• Last week's 1.1065 low, then 1.1053 0.618% Mar/Apr rise are initial supports

• Wednesday's 1.1265 high, then the 1.1380 May top, are the first resistance
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)