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• EUR/USD +0.1% in Asia Fri selling pressure eases on pause in bond anxiety
• EUR entrenched in downtrend, down cumulative 4.2% from 1.1711 Aug 21 high
• Pair targets 1.1065 17-month low, break opens door for move toward 1.0733
• Investors remain wary of FR debt problems despite spending cut promises
• ECB expected to hold deposit rate steady in Oct, despite surging inflation
• Euro zone Aug industrial production due Thur, prior -0.1% m/m, flat y/y
• Range Asia 1.121150-2875, support 1.1065 1.0733, resistance 1.1710
1.1850
EUR Daily 21/55/100-DMA
(James Connell is a Reuters market analyst. The views expressed are his own.)