By Andrew M Spencer — Feb 21 - 06:15 PM
Steady after closing Up 0.6%, despite a stronger USD - EUR/GBP -1%
Strong data surprised markets, gilt yields and sterling jumped
North Ireland's DUP - more work needed to solve post-Brexit trade row
EU more optimistic - deal with largest market would boost sterling
Charts - bullish outside day leaves conflicting 5, 10 & 21 DMAs
21 day Bollinger bands edge lower with mixed momentum studies
Signals show no clear bias - 1.2166 21 DMA is pivotal resistance
NY 1.2059 - 1.2147 range initial support and resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary