By Andrew M Spencer — Oct 13 - 07:25 PM
Off 0.05% after closing steady with the U.S. dollar little changed on Friday
French government defends the budget - markets are tentatively optimistic
A ratings downgrade for France would be bad news for the broad Euro-Zone
Charts - mixed daily momentum studies, 21-day Bollinger bands expand
5, 10 & 21-day moving averages track lower, a negative trending setup
Thursday's 1.0955 high, then last week's 1.0997 top are initial resistance
Last week's 1.0900 low and 1.0876 0.618% Jun/Sep rise are the first support
1.0945/50 1.576BLN are the only major close strikes for October 14th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary