By Andrew M Spencer — Aug 27 - 07:35 PM
Steady early after closing up 0.2%, with the US dollar off 0.3%
Hawkish weekend BOE comments saw EUR/GBP off 0.4%, capping EUR/USD
The outlook for the German economy and consumer sentiment remains weak
Charts; neutral daily momentum studies, 21-day Bollinger bands rise
5, 10 & 21-day & week moving averages climb - signals remain bullish
1.1120 10-day moving average and Thursday's 1.1098 low are key supports
Targets major resistance at 1.1271, 0.618% of the 2021-2022 fall
1.1175 988 mln and 1.1200 1.483BLN are the close strikes for August 28th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary