By Andrew M Spencer — May 21 - 08:25 PM
+0.15% after closing up 0.3% on Friday with the U.S. dollar off 0.35%
Dovish Fed Powell comments contrasted with resolute ECB's Lagarde
Strangely spreads widened, 10yr bund +1bp 2.423%, 10yr UST +5bp 3.692%
Charts; 21-day Bollinger bands expand while momentum studies conflict
5, 10 & 21-DMAs track lower - remains a negative trending setup
1.0782 NY low, then Friday's 1.0760 Asian base are initial support
1.0828 NY high, then 1.0868 10-day moving average are the first resistance
1.988 BLN 1.0825/30 strikes likely cap in Asia, unless there is news
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary