Derived Data That Drive Results
By Andrew M Spencer — May 22 - 08:45 PM
+0.05%, after closing down 0.25% Friday on investor caution, EUR/GBP sales
E-mini S&P up 0.9% in Asia, weighing on safe haven U.S. dollar - no news
Charts; momentum studies rise, 5, 10 and 21 day moving averages conflict
21 day Bolli bands contract - neutral setup after key resistance was broken
May rejection of lower 21 day Bolli and close above 21 DMA, today at 1.0536
Targets a test of the falling 1.0683 upper 21 day Bollinger band
1.0559 early Asian low and 1.0600 963MLN strikes initial support, resistance
Unlikely to see sustained euro strength at present unless U.S. dollar slides
For more click on FXBUZ
eur May 23 Click here
Source:
Refinitiv IFR Research/Market Commentary
