• -0.05% after closing +0.15%, as consolidation within Monday's range extends

• Soft U.S. data fuelled recession fears amid debt ceiling uncertainty

• ECB expected to hike 25bp, but there remains an outside chance of 50bp

• Yield spreads little changed, 10yr bund -6bp 2.442%, 10yr UST -7bp 3.535%

• 1.0980 1.004BLN strikes may cap intraday - no other close major strikes

• Charts; 21-day Bollinger bands rise, mixed momentum studies

• 5, 10 & 21-day moving averages coil - uptrend remains stalled

• Close below the 1.0913 rising 21-day moving average would end topside bias

• NY 1.0933 - 1.0990 range is the initial support and resistance

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