By Andrew M Spencer — Oct 07 - 11:25 PM
+0.05% in a tight 1.0973-1.0986 range, with Asia led by China volatility
German IP and German Bundesbank President Nagel's speech lead EZ event risk
Resilient US economic data and Middle East led safe-haven flows cap EUR/USD
Charts - daily momentum studies head lower, 21-day Bollinger bands expand
5, 10 & 21-day moving averages crest/fall, a negative trending setup
Friday's 1.1039 high, then Wednesday's 1.1082 top are the first resistance
The 1.0951 low Friday then 1.0940, 0.50% Jun/Sep rise are the first supports
1.0950 648 mln, 1.0975 510 mln and 1.1000 1.388BLN close strikes for Oct 8th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary