By Andrew Spencer — Jun 09 - 09:41 PM
• -0.05% in Asia after closing up 0.2% with the U.S. dollar down 0.2%
• German consumers' pessimism rises amid economic and political concerns - BCG
• The ECB rate cut pause could continue, unless economic data falls - Holzmann
• Charts - flat daily momentum studies, 5, 10 & 21-day moving averages rise
• 21-day Bollinger bands contract - daily charts retain a modest topside bias
• Friday's 1.1372 low then 1.1326 21-day moving average are initial supports
• Last week's 1.1495 high, and then 1.1505 upper 21-day Bolli first resistance
• 1.1400/10 2.214 BLN and 1.1425 1.317 BLN Jun 10 strikes a magnet in Asia
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters