By Andrew M Spencer — Jul 31 - 08:35 PM
Steady after early dip - U.S. dollar resilient to 0.45% E-mini S&P dip
EZ economic growth beat expectations, but outlook still subdued nL8N2ZA3TF
Political manoeuvring continues into September Italian election nL8N2ZA6XJ
Charts, 5, 10 & 21 day moving averages coil, momentum studies climb
21 day Bollinger bands contract - neutral setup suggests range trading
1.0279 late July top and 1.0076, 61.8% July bounce are the pivotal levels
Primary trend still down - 5, 10 & 21 week MA's plus 21 week Bolli's slide
1.0200/10 861 MLN and 1.0250 649 MLN are today's close strikes
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Source:
Refinitiv IFR Research/Market Commentary