By Andrew M Spencer — Aug 28 - 07:45 PM
Steady after closing down 0.58% with the U.S. dollar up 0.5%
Strong month-end USD demand after a volatile August capped EUR/USD
German inflation leads EZ data risk then GDP and weekly jobs in the US
Charts; daily momentum studies crest, 21-day Bollinger bands rise
5, 10 & 21-day & week moving averages climb - signals remain bullish
1.1128 10-day moving average and Thursday's 1.1098 low are key supports
A close below 1.1098 would target the pivotal 1.1025 21-day moving average
1.1100 618mln and 1.1150/60 888mln are the close strikes for August 29th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary