• Steady with an inside day after closing up 0.1% with the U.S. dollar -0.1%

• The warmer summer weather saw consumer spending rise 1% y/y in August

• UK PMI surged to 52.5 in July, in contrast to the falls in Europe

• Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA slips

• 21-day Bollinger bands rise as momentum studies crest - positive setup holds

• The 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

• A close below 1.3038, 38.2% April/August rise would end the topside bias

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