By Andrew M Spencer — Sep 29 - 07:50 PM
+0.05% after closing 0.1% lower, capped by EUR/JPY selling, closed -1.9%
The Far right won the Austria election, but not certain to lead a coalition
Soft Euro Zone data fuels expectations of an October ECB rate cut
Charts - daily momentum studies flat-line, 21-day Bollinger bands rise
5, 10 & 21-day moving averages edge higher - overall a modest topside bias
Wednesday's 1.1214 high and 1.1271, 0.618% 2021/22 fall are first resistance
Last week's 1.1084 low, then the 1.1068 Sep 19th base are initial supports
1.1120/25 1.128BLN and 1.1200 1.124BLN close Sep 30 strikes
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary