• Flat early after closing up 0.45%, with the USD -0.4% as UST yields slipped

• EZ PMI edged higher but missed forecasts as the economy contracts

• ECB leaders have formulated a plan to boost the regions performance

• Charts - mixed daily momentum studies, 21-day Bollinger bands contract

• 5, 10 & 21-day moving averages track lower, signals retain a bearish bias

• The 1.0841 10 DMA then Monday's 1.0871 high, are first resistance

• 1.0783, 78.6% of the Jun/Sep rise and 1.0777 August low are strong support

• Sustained 1.0775 break will target a test of the 1.1066 June trend low

• 1.0800 1.583BLN and 1.0820 1.172BLN are the large Oct 25th close strikes

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