By Andrew M Spencer — Aug 26 - 11:35 PM
+0.05% at the top of a tight 1.1159-1.1170 range, supported by EUR/JPY +0.3%
German final GDP and GfK consumer climate lead EZ data - little impact
U.S. consumer confidence may impact markets, which are sensitive post-Powell
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
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary