• Steady after closing down 0.65%, amid broad base U.S. dollar strength

• Data driven inflation fears in Europe and the U.S. saw trend high yields

• Yield spreads widened, 10yr bund +4bp to 2.755%, 10yr UST +7bp to 4.061%

• Charts; 21 day Bollinger bands contract, momentum studies conflict

• 5, 10 & 21 day moving averages coil - daily signals suggest consolidation

• Close above 1.0667 21 day moving average would be bullish for next week

• Sustained 21 DMA break to target falling 1.0796 upper 21 day Bollinger band

• Wednesday's 1.0567 low then the 1.0539 lower 21 day Bollinger band support

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