Steady early after closing +0.45%, as risk appetite returned and USD slid

German October inflation eased to the lowest level in 2 years - outlook weak

Yield spreads widened, 10yr bund -1bp 2.828% and 10yr UST +4bp 4.887%

Charts - momentum studies, 5, 10 & 21-day moving averages all head higher

21-day Bollinger bands contract - signals show a modest positive bias

The 1.0695 October high is the first significant resistance

1.0547 European low and 1.0625 New York high are initial support resistance

1.0600 1.247BLN and 1.0640/50 1.287 BLN close strikes for October 31

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