• Steady after closing down just 0.05%, for a 5th lower daily high

• Yield spreads were unchanged, 10yr bund +5bp 2.699% and 10yr UST +5bp 4.308%

• Techs; 21-day Bollinger bands and daily momentum studies head lower

• 5, 10 & 21-day moving averages fall - signals show a strong negative bias

• 1.0834 June/July range base is the next significant support level

• 1.0918 New York high and the 1.0929 falling 10 DMA are initial resistance

• 1.0850 1.370 BLN and 1.0900 1.670 BLN are the close strikes for August 18th

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