By Andrew M Spencer — Sep 19 - 07:55 PM
Steady after closing up +0.4% resilient with the U.S. dollar off 0.25%
EUR up but yield spreads rose, 10yr bund flat 2.193%, 10yr UST +3bp 3.719%
Sticky EZ inflation will prevent the ECB following the Fed's aggressive lead
Charts retain a modest positive bias; mixed daily momentum studies,
21-day Bollinger bands expand while 5, 10 & 21-day moving averages rise
Close outside Thursday's 1.1068 base or above 1.1200 key for next week
This week's 1.1189 high then the August 1.1201 top are the first resistance
1.1150 3.093 BLN, and 1.1175 1.426 BLN are the close strikes for Sept 20th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary