By Andrew M Spencer — Aug 02 - 07:45 PM
Off 0.05% after closing down 0.8%, amid broad based U.S. dollar strength
Millions will join breadline in recession-hit UK, NIESR warns nL8N2ZE5SL
UK voters feel cost of living crisis should be the key issue for next PM
Dip leaves conflicting daily momentum studies - 5, 10 & 21 DMAs base or rise
21 day Bollinger bands expand - on balance still a positive setup
1.2320, 61.8% of the May-July fall is initial significant resistance
Close below 1.2119 10 day moving average needed to end topside bias
1.2151, 61.8% Friday-Monday bounce and NY 1.2240 top first key levels
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Source:
Refinitiv IFR Research/Market Commentary