EUR/USD slide's pace likely to be tempered pre-Fed

Source: Thomson Reuters

• EUR/USD slide's pace likely to be tempered pre-Fed, but long-term bear trend solid 
  
  
• Momentum studies oversold & need unwinds as pair nears key long-term pivot
  
  
• Pace DE-US spread widening slows, market positioning still very short
• 1.0350/1.0450 pivot, likely holds 1st test, profit-taking likely slows long-term slide
  
  
• If Fed disappoints USD bulls a decent squeeze might then take hold