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Mar 03 - 08:55 PM

EUR/USD - Holds Above Key Support, As Yield Spreads Tightened

By Andrew M Spencer  —  Mar 03 - 07:20 PM
  • Steady after closing up 0.3% with the USD off 0.2% with lower UST yields

  • Yield spreads tightened, 10yr bund +1bp to 2.412% and 10yr UST -7bp 4.182%

  • The majority of economists polled believe the ECB will cut in June

  • Friday's Eurozone inflation dipped less than expected, stubborn core prices

  • Charts - 5, 10 & 21-day moving averages conflict, momentum studies flat-line

  • 21-day Bollinger bands expand - signals show no significant bias

  • A close above 1.0915, 50% of the December-February fall would be bullish

  • 1.0793 21-DMA is key support - last week's 1.0866 high initial resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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