• Steady after closing +0.1% with the USD -0.1% despite rising UST yields

• Yield spreads widened, 10yr bund +5bp to 2.556%, 10yr UST +10bp to 4.179%

• The decline in eurozone business activity accelerated in July

• ECBWATCH prices no change in rates on Sep 14th at 72.9% after the data

• Techs; 21-day Bollinger bands contract, daily momentum studies edge lower

• Mixed 5, 10 & 21-day moving averages - signals show a modest downside bias

• Europe's 1.0913 low and New York 1.0962 high are initial support, resistance

• 1.0950 794mln, 1.0975 510mln are the close strikes for Aug 3

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