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