After surging to a near two-week high on Wednesday, the September euro futures starts little changed in the US. It' s trading above the 21-day moving average for the first time in three weeks. It is trading just above it and we need more strength to confirm sustained further strength. The short-term outlook is sideways. The medium-term outlook is sideways. The long-term outlook remains bearish.
 
Initial resistance is at 1.2850. Further resistance is at 1.2897 from the 100-day moving average. Immediate support is at 1.2798 from the 21-day moving average. Below 1.2745, Tuesday' s low is 1.2623. A pivot low is at a very distant 1.2587.