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Aug 19 - 01:55 AM

EUR/USD - Sustains Friday's Gains - Targets 1.1139

By Andrew M Spencer  —  Aug 18 - 11:35 PM
  • +0.05% near the top of a 1.1012-1.1036 range after opening soft

  • Yield spreads to lead EUR/USD - UST yields flat after opening firmer in Asia

  • Charts; daily momentum studies climb, 21-day Bollinger bands expand

  • 5, 10 & 21-day& week moving averages rise - daily signals remain supportive

  • Friday's 1.0971 low and then Thursday's 1.0949 base are initial supports

  • The 1.1047 trend high last week and 1.1139 Dec top are the first resistance

  • A close below the rising 1.0908 21-DMA would end the topside bias

  • 934mln 1.1000 are the only close strikes for August 19th

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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