By Andrew M Spencer — Feb 08 - 06:10 PM
Steady after closing 0.15% softer with safe haven U.S. dollar a touch firmer
Markets may be too optimistic on inflation, said ECB's de Guindos
ECBWATCH prices yields to peak at 3.4285% at the 27th June 2023 meeting
Charts; negative momentum studies, gently expanding 21 day Bollinger bands
5, 10 & 21 day moving averages crest/fall - modest negative signals
Closed above 1.0692 lower 21 day Bollinger band for third day- key support
Sustained 1.0690 break would open the door to the 1.0482 2023 base
1.0760 European high then 1.0833 21 day moving average first resistance
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Source:
Refinitiv IFR Research/Market Commentary