Steady after closing down 0.3% with the U.S. dollar up 0.2% on strong data

The ECB cut by 25bp to 3.25% as expected and markets price a 25pt Dec cut

ECB President Lagarde's statement was cautious - remains data-driven

Charts - daily momentum studies slip, 21-day Bollinger bands fall

5, 10 & 21-day moving averages track lower, a negative trending setup

Thursday's 1.0874 high, then this week's 1.0936 top are initial resistance

1.0783, 0.786% of the Jun/Sep rise and 1.0777 August low first supports

1.0800 537mln and 1.0850 1.370BLN close strikes for October 18th

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