By Andrew M Spencer — Sep 16 - 08:10 PM
Trades -0.05% after closing up 0.5% with the USD off 0.4%
USD weakened after yields fell on rising 50pt Fed cut expectations
ECB chief economist Philip Lane - data to determine the pace of cuts
Charts; daily momentum studies conflict, 21-day Bollinger bands expand
5, 10 & 21-day moving averages edge higher - a modest positive setup
A close below 1.0996, 0.382% Jun/Aug rise would end the topside bias
The September 1.1155 top then the 1.1201 August high are first resistance
1.1125 1.399 BLN strikes a likely magnet today in Asia
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary