• -0.05% - closed -0.87%, as USD bounced amid rising Fed hike expectations

• Bank of England considering urgent reform of deposit guarantee scheme - FT

• Reform would certainly bolster confidence in the banking system

• Charts; positive momentum studies 5, 10 & 21 day moving averages

• 21 day Bollinger bands contract - uptrend remains in play

• Close below the 1.2371 rising 21 DMA would end the topside bias

• Bearish outside day becomes a key day reversal if closes below 1.2399

• 1.2371 21 DMA and early Asia 1.2415 high initial support and resistance

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