By Andrew M Spencer — Aug 09 - 08:25 PM
Steady after closing up 0.15% - resilient, USD closed flat, EUR/GBP +0.35%
European sentiment buoyed by Italy easing its bank levy stance
Yield spreads tightened, 10yr bund +3bp 2.470%, 10yr UST -1bp 4.012%
Techs; 21-day Bollinger bands slide, daily momentum studies edge lower
5, 10 & 21-day moving averages conflict - mixed signals - neutral setup
1.0963 New York low is initial support, then the 1.0913 August low
New York 1.0995 high then 1.1042 post payrolls top are initial resistance
1.0925 826mln and 1.1000/05 2.159BLN the close Aug 10th strikes
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Source:
Refinitiv IFR Research/Market Commentary