By Andrew M Spencer — Feb 13 - 06:35 PM
Steady after closing up 0.45%, supported by broad risk on USD weakness
Yen cross flow also supported, broad yen weakness, with EUR/JPY up 1.15%
Italy's Meloni triumphs in regional votes, strengthens grip on power
Turnout in Italy election only 40%, but a resounding right wing victory
Charts; neutral momentum studies, 21 day Bollinger bands expand
10 & 21 day moving averages head lower - remains a negative setup
Falling 1.0653 lower 21 day Bollinger band supports - base for a 6th day
Friday's 1.0752 high then Thursday's 1.0791 top are first resistance
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Source:
Refinitiv IFR Research/Market Commentary