By Andrew M Spencer — Sep 01 - 11:35 PM
Steady in a 1.3121-1.3137 range with modest interest on LSEG Matching
Quiet on no market-moving weekend news ahead of the U.S. Labor Day holiday
UK final manufacturing PMI leads data but is unlikely to move sterling
Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA slips
21-day Bollinger bands rise as momentum studies crest - net positive
The August uptrend targets a test of 1.3410, 0.786% of the 2021-2022 fall
Friday's 1.3200 top and then last week's 1.3269 high are first resistance
The close below the 1.3150 10-DMA is a concern for bulls
1.3038, 38.2% of the August rise is pivotal support
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary