• Trades +0.6%, as the USD fell 0.55% with the move occurring at the open

• EUR consolidated after the early bounce, then gained into the European open

• PMIs across Europe and investor confidence lead the Eurozone data risk

• Charts - positive daily momentum studies, 21-day Bollinger bands contract

• 5, 10 & 21-day moving averages coil, signals display a neutral setup

• A close above 1.0869 21 DMA targets a test of 1.0934 0.382% Sep/Oct fall

• 1.0783, 78.6% of the Jun/Sep rise and 1.0777 August low are a strong base

• 1.0850 477 mln, and 1.0900 1.170 BLN are the large close Nov 4th strikes

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