0413 GMT [Dow Jones] EUR/USD is simmering just above Friday's closing level of 1.1158, knocking on the door of the Bollinger uptrend channel that opens at 1.1166. If the pair ends Monday above that mark, the bullish technical signal will be confirmed, encouraging punters to bet on the euro to keep rising in the near term. The euro ought to be firmer against the dollar, on indications that the market is less confident of another U.S. interest rate-rise this year. The odds of a December rate-increase by the Federal Reserve have fallen to 40.6% from 44.9% the previous day. If the Bollinger uptrend channel is activated, EUR/USD could rise steadily toward the 1.1262 ceiling of the Ichimoku Cloud resistance zone. EUR/USD is now 1.1159 from its Friday closing of 1.1158. (ewen.chew@wsj.com)
Editor: MNG