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Aug 09 - 09:55 PM

EUR/USD - Resilient Offshore - U.S. Dollar To Lead In Asia

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

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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