• Steady after closing up 0.35%, leading the US dollar lower =USD -0.15%

• A surprise 0.4% bounce in the EZ GDP, though other areas remain subdued

• Data undermined hopes of a 50pt ECB Dec cut- ECBWATCH prices 25pt at 93.3%

• Charts - positive daily momentum studies, 21-day Bollinger bands contract

• 5, 10 & 21-day moving averages conflict, signals display a neutral setup

• Last week's 1.0871 high, then the 1.0880 21 DMA are the first resistance

• Close above 1.0881 21 DMA would be bullish for 1.0934 0.382% Sep/Oct fall

• 1.0783, 78.6% of the Jun/Sep rise and 1.0777 August low a strong base

• 1.0850 1.234 BLN and 1.0900 3.436 BLN close Oct 31st strikes

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