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Jun 02 - 08:55 PM

EUR/USD - Bid With Risk Appetite As Yield Spreads Tightened

By Andrew M Spencer  —  Jun 02 - 07:30 PM

  • +0.05% after closing +0.9%, as risk appetite returned and U.S. dollar slid

  • Yield spreads supported, 10yr Bund +5bp to 1.235%, 10yr UST flat at 2.913%

  • Little sign of progress towards an end to the Ukraine conflict nL8N2XP4RB

  • Charts; mixed momentum studies, 5, 10 and 21 day moving averages head higher

  • 21 day Bollinger bands climb - net positive setup below pivotal resistance

  • 1.0786, 38.2% 2022 fall capped on Monday - close above to begin next leg up

  • 1.0608 rising 21 day moving average shapes up as pivotal support

  • Tight Asian range likely as 1.0745/55 1.096 BLN strikes may contain

    For more click on FXBUZ


eur jun 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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