By Andrew M Spencer — Aug 04 - 07:20 PM
Steady after closing up 0.8% with the broadly softer USD, as yields slipped
EUR/GBP +0.7%, after the dour BoE outlook amid the 50pt hike nL8N2ZG4J4
EZ also faces recession and high inflation, but less than UK nL8N2ZF6CK
5, 10 & 21 day moving averages edge higher daily with momentum studies
21 day Bollinger bands expand - setup shows a modest topside bias
1.0294, August high and 1.0313 upper 21 day Bollinger band are the range top
This week's 1.0123 base and 1.0082 61.8% July-August rise initial supports
1.0215/30 1.675 BLN and 1.0295/00 1.306 BLN are today's close strikes
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary