By Andrew M Spencer — Aug 22 - 07:40 PM
Trades +0.05% after closing down 0.35% with the U.S. dollar up 0.4%
Broad-based offshore USD & UST correction ahead of Jackson Hole
Resilient EZ PMIs, but the Paris Olympics may have flattered the data
Charts; daily momentum studies conflict, 21-day Bollinger bands rise
5, 10 & 21-day & week moving averages climb - signals remain bullish
1.1053 10-day moving average and this week's 1.1012 low are key supports
Targets major resistance at 1.1271, 0.618% of the 2022-2022 fall
1.241 BLN 1.1100 and 637mln 1.1140 significant close strikes for August 23rd
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Source:
Refinitiv IFR Research/Market Commentary