By Andrew M Spencer — Nov 18 - 06:20 PM
Steady after closing up 0.55% with the USD off 0.45% on profit-taking
ECB fears Trump tariffs to hit growth more than raise inflation
The uncertainty around US policy implementation clouds EU expectations
Charts - mixed daily momentum studies as 21-day Bollinger bands expand
5, 10 & 21-day moving averages fall, signals show a bearish trending setup
1.0636 10-day moving average and last week's 1.0728 high initial resistance
Last week's 1.0496 trend base, then the 1.0448 2023 low are first supports
1.0590 810mln and 1.0600 1.011 BLN strikes may contain today in Asia
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Source:
Refinitiv IFR Research/Market Commentary