• Steady after closing 0.28% lower with the USD up 0.2% as UST yields bounced

• Yield spreads tightened, 10yr bund +2bp to 2.248%, 10yr UST +1bp to 3.818%

• German business sentiment slipped but beat forecasts- no short-term recovery

• Charts; neutral daily momentum studies, 21-day Bollinger bands climb

• 5, 10 & 21-day & week moving averages climb - signals remain bullish

• 1.1101 10-day moving average and last week's 1.1012 low are key supports

• Targets major resistance at 1.1271, 0.618% of the 2021-2022 fall

• 1.1150 1.397 BLN and 1.1170/75 594mln are the close strikes for August 27th

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