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May 27 - 01:55 AM

EUR/USD - Firmer With A Positive Start To The Week In Asia

By Andrew M Spencer  —  May 26 - 11:45 PM
  • +0.03% near the base of a tight 1.0859-1.0846 range with stocks up in Asia

  • Expect a low-key session in Europe with London and New York on holiday

  • German ifo business climate leads data - RTRS poll 90.4, expectations 90.9

  • Charts - momentum studies flat-line, as 21-day Bollinger bands rise

  • 5, 10, and 21-day moving averages conflict - consolidates, neutral setup

  • A close below the 1.0794 21-day moving average would be a bearish signal

  • 1.0794 21-DMA and last week's 1.0884 top are initial support/resistance

  • There are no significant close strikes for May 27th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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