• Steady - closed with a fresh trend high +0.5% with the USD off 0.6%

• Yield spreads tightened, 10yr bund steady at 2.254%, 10yr UST -3bp 3.867%

• Finnish CB chief Rehn- weak EZ growth reinforces the case for ECB rate cut

• ECBWATCH prices a 25pt 12 September cut at 90.97% - fully priced

• Charts; daily momentum studies climb, 21-day Bollinger bands expand

• 5, 10 & 21-day & week moving averages rise - daily signals remain supportive

• Monday's 1.1012 low and then Friday's 1.0971 base are initial supports

• 1.1139 Dec 2023 top is the first target, 1.0919 21-DMA is pivotal support

• 1.1095 753mln and 1.1100 1.172BLN are the close strikes for August 20th

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