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Aug 07 - 10:55 PM

EUR/USD - Soft As The Resilient USD And Italian Issues Weigh

By Andrew M Spencer  —  Aug 07 - 09:35 PM

  • -0.25% amid hawkish Fed expectations after strong U.S. jobs underpin the USD

  • Italian centrists in disarray - right wing Gov't chances grow nL1N2ZJ08S

  • Moody's cut Italy's outlook to 'negative' from 'stable' nL4N2ZH46V

  • 5, 10 & 21 day moving averages conflict daily with momentum studies

  • 21 day Bollinger bands flat line, as recent choppy consolidation extends

  • 1.0294, August high and 1.0305 upper 21 day Bollinger band are the range top

  • Last week's 1.0123 base and 1.0082 61.8% July-August rise initial supports

  • 1.0100/05 692 mln and 1.0200/10 531 mln are Monday's close strikes

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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