• Steady after closing up 0.5%, as the USD and Treasury yields eased

• The upward revision in September services PMI from 47.2 to 49.3 supported

• Charts: 5, 10, and 21 daily and weekly moving averages trend south

• 1.2067, 38.2% retracement of the 2022-2023 rise held on the close

• Sustained 1.2067 break to target a test of the 1.1805 March and 2023 low

• Close above the well tested 1.2159 10-DMA, would flag caution to bears

• A close above the falling 1.2297 21-day moving average would end the trend

• NY 1.2107-1.2177 range initial support, resistance - 506 mln 1.2100 strikes

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