By Andrew M Spencer — Sep 18 - 07:35 PM
+0.05% after closing up 0.05% with the USD steady after a volatile session
Euro zone inflation is not where ECB wants it to be, Bundesbank chief says
Sharp contrast to the confidence expressed by Fed Chair Jerome Powell
Comments suggest tighter interest rate differentials should support EUR/USD
Charts; horizontal daily momentum studies, 21-day Bollinger bands contract
Mixed 5, 10 & 21-day moving averages - overall a modest positive bias
A close below 1.0996, 0.382% Jun/Aug rise would end the topside bias
Wednesday's 1.1189 top, then the 1.1201 August high are the first resistance
1.1100 3.617 BLN, 1.1105 1.170 BLN and 1.1120/25 1.670 BLN Sept 18th strikes
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary