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