By Andrew M Spencer — Feb 09 - 10:20 PM
-0.15%, at the base of a 1.0723-1.0742 range - USD firmed in the afternoon
EU economic forecasts and U.S. consumer sentiment lead event risk offshore
Euro to remain sensitive to EZ-US inflation outlook and yields spreads
Charts; momentum studies conflict, 21 day Bollinger bands expand
5, 10 & 21 day moving averages edge lower - negative signals
1.0685 lower 21 day Bollinger band is key support - closed above for 4 days
Sustained 1.0685 break would open the door to the 1.0482 2023 base
1.0791 NY high then 1.0829 21 day moving average first resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary