By Andrew M Spencer — Oct 01 - 11:30 PM
-0.05% in a tight 1.1063-1.1073 range as Asia focussed on regional markets
This is not unusual when geopolitics lead markets - Middle East uncertainty
There is no tier one EZ data - US ADP non-farm employment change leads data
Charts - daily momentum studies head lower, neutral 21-day Bollinger bands
5, 10 & 21-day moving averages coil - neutral setup despite this week's dip
Tuesday's 1.1143 high then last week's 1.1214 top are first resistance
Yesterday's 1.1046 base then the 1.1002 September low are initial supports
1.1025 2.59BLN, 1.1050 788mln and 1.1100 2.02BLN close strikes for Oct 2nd
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary