By Andrew M Spencer — Sep 11 - 08:05 PM
Steady after closing off 0.1% with the U.S. dollar up 0.1%
Largest German industrial union ready to strike as pay talks start
As the German economy slows, industrial unrest would be bad news
ECB leads event risk, 25pt cut to 3.5% priced - outlook pivotal for EUR
Charts; daily momentum studies slip, 21-day Bollinger bands flat-line
5, 10 & 21-day moving averages conflict - mixed signals show little bias
Bearish outside day, close below 1.0996, 0.382% of Jun/Aug rise ends uptrend
Wednesday's 1.1054 top, then Monday's 1.1090 high are initial resistance
1.1000 4.441BLN, 1.1025 1.341BLN, 1.1030 1.606BLN, 1.1050 3.281BLN strikes
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Source:
Refinitiv IFR Research/Market Commentary