By Andrew M Spencer — Oct 14 - 07:15 PM
Steady after closing off 0.25% with the resilient U.S. dollar up 0.3%
US election holds no silver lining for the Eurozone, especially a Trump win
EU and German ZEW, EU industrial production lead today's data- modest impact
Charts - daily momentum studies slip, 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
1.0874/76, 0.618% Jun/Sep rise and the 200-day moving average major support
1.1000 3.334BLN is the only significant strike for October 15th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary