• Trades +0.1% with the USD and UST yields firmer in a 1.0373-1.0398 range

• Optimism resurfaced in Asia, E-mini S&P +1%, Nikkei +2.5%, AsiaxJP +1.6%

• Positive sentiment may flow through to Europe, providing euro support

• Charts; daily momentum studies, 5, 10 and 21 day moving averages slide

• 21 day Bolli bands fall, bearish setup suggests a break of 1.0340 2017 low

• Close above 1.0616 21 DMA to end the downside bias - no close option strikes

• 1.0373 Asian low and 1.0464, 38.2% May fall initial support, resistance

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