• +0.05% after closing -0.2%, capped by the firmer USD & yen - EUR/JPY -1.1%

• Friday's weak German industrial output -2.4%, led by an 8.1% automotive fall

• It is hard to be optimistic on Eurozone growth as Germany struggles

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

• 5, 10 & 21-day moving averages coil - mixed signals show little bias

• Well tested 21 DMA proved resilient last week - close at 1.1080 today

• A close below 1.0996, 0.382% of the Jun/Aug rise ends the uptrend

• 1.1050 2.390 BLN, 1.1100 1.323 BLN, 1.1125 1.502 BLN close Sep 9th strikes

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