By Andrew M Spencer — Jul 28 - 07:45 PM
-0.1% after closing up 0.2% with the U.S. dollar a touch softer
Liz Truss hot favourite to be next PM - Oddschecker bet 13 to win 15
Her aggressive Brexit stance could lead to an EU trade war nL8N2Z13RR
Sterling is often volatile at month end in Europe, steady in Asia
Charts; daily momentum studies 5, 10 & 21 DMAs base or rise
21 day Bollinger bands flat line - modest positive setup
1.2200 upper 21 day Bolli a good indicator of an overbought market
Close above 1.2213, 50% of May/July fall would turn signals bullish
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Source:
Refinitiv IFR Research/Market Commentary