Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 10 - 09:55 PM

EUR/USD - Strikes And Charts Support, But The USD Is Pivotal

By Andrew M Spencer  —  May 10 - 07:59 PM

  • +0.1% with the USD a touch softer early - likely quiet in Asia

  • Renewed U.S. inflation fears supported USD, which currently leads EUR/USD

  • ECB will not adjust policy on this year's inflation spike nF9N2KZ017

  • ECB in agreement with the Fed that upcoming inflation will be transitory

  • Charts; 1.2173 upper 21 day Bolli caps, good indicator market overbought

  • Momentum studies, 5, 10 & 21 DMAs, and 21 day Bolli bands are climbing

  • Positive setup targets a test of 1.2196, 76.4% of the 2021 fall

  • 1.488 BLN 1.2125 and 1.303 BLN 1.2100 strikes provide a base

For more click on FXBUZ


eur may 11 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!