• Steady after closing down 0.25%, with the USD +0.35% as UST yields jumped

• Yield spreads widened, 10yr bund +3bp 2.489%, 10yr UST +11bp 3.823%

• ECB's Knot says at least two 25pt hikes needed, bets on cuts too optimistic

• Charts; 21-day Bollinger bands and momentum studies head lower

• 5, 10 & 21-day moving averages track south - a negative trending setup

• 1.0708 NY low and 1.0653 76.4% of the 2023 rise are initial supports

• 1.0756 Asian top Thursday and 1.0793 10-DMA, are the first resistance

• 1.0700 748mlm, 1.0750 579mln, and 1.0765 702mln close strikes for May 26th

For more click on FXBUZ