By Andrew M Spencer — Nov 30 - 07:05 PM
+0.15% after closing up 0.75% - USD continues to slide post Fed's Powell
Rate hikes to slow, but likely elevated for longer- risk soared nL1N32Q2D1
EZ inflation eased, reducing the pressure on ECB to hike nL1N32Q0PX
Euro continues to be led by USD moves and data rather than European events
Charts; momentum studies flat line, 5, 10 & 21 day moving averages conflict
21 day Bollinger bands contract - neutral setup as consolidation extends
1.0256 21 day moving average and 1.0511 50% 2022 fall are the pivotal levels
There are no significant close strikes for December 1st
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary