By Jeremy Boulton — Sep 02 - 04:50 AM
EUR/USD has dropped from top to middle 20-Day Bollinger Bands
Pair below peaks 20-week and 20-month bands - 1.1132/36
Demand may surfaces ahead middle 20-day Bands at 1.1048
Top of bands has risen to 1.1232 - allows for bigger gains
Oil's sudden drop provides support nL1N3KK06F
Central banks probably took advantage of the EUR/USD rally nL1N3KK07P
Source:
Refinitiv IFR Research/Market Commentary