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Sep 15 - 08:55 PM

EUR/USD - Confidence In Lower Inflation And Rates Builds

By Andrew M Spencer  —  Sep 15 - 07:45 PM
  • +0.1% after closing unchanged on Friday with the U.S. dollar off 0.25%

  • Top ECB governors voice confidence nL1N3KV08S on lower inflation and rates

  • Holidays in Japan and China today suggest tight range trading in Asia

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

  • 5, 10 & 21-day moving averages edge higher - signals are neutral

  • A close below 1.0996, 0.382% Jun/Aug rise would be a bearish signal

  • Friday's 1.1102 high then the September 1.1155 top are first resistance

  • 1.1115/25 1.509 BLN, 1.1145/50 3.697 BLN close major strikes for Sept 16th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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