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May 13 - 01:55 AM

EUR/USD - Low-Key Start To The Week - Large 1.0750/55 Strikes

By Andrew M Spencer  —  May 13 - 12:15 AM
  • Steady in a tight 1.0766-1.0774 range on EBS in a slow start to the week

  • E-minis flat, UST yields little changed, Nikkei -0.07%, and AsiaxJP +0.3%

  • There is no tier-one EZ or US data, so further consolidation is likely

  • Charts - momentum studies, 5, 10, and 21-day moving averages climb

  • 21-day Bollinger bands rise - daily charts show a positive setup

  • 1.0808 upper 21-day Bollinger band and recent 1.0812 high first resistance

  • Friday's 1.0760 low and then Thursday's 1.0724 base are initial supports

  • 1.0750 3.531 BLN and 1.0755 1.367 BLN close major strikes for May 13th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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