By Andrew M Spencer — Apr 19 - 09:20 PM
+0.1% after closing up 0.1%, as bids ahead of 1.0750 provide support
Resilient despite 10yr UST yields rising 3bp in Asia to a fresh 2.9770 high
No progress in a Ukraine solution, as the conflict intensifies nL2N2WH2AG
Some comment that maybe all the bad news for the euro is priced in
More likely a period of EUR/USD consolidation before the next leg lower
Charts; 5, 10 & 21 DMAs, 21 day Bollinger bands head lower - negative setup
1.0758 March and 2022 low then 1.0716 lower 21 day Bollinger first supports
1.0790/1.0810 1.682 BLN strikes likely contain in Asia
For more click on FXBUZ
eur Apr 20 Click here
Source:
Refinitiv IFR Research/Market Commentary