• Steady after closing up 0.2%, with the U.S. dollar off 0.2% post-CPI

• Yield spreads narrowed, 10yr bund -4bp to 2.295%, 10yr UST -8bp to 3.441%

• No tier 1 EU data, so the USD and sterling cross flow after BoE likely lead

• Charts; horizontal 21-day Bollinger bands, momentum studies edge lower

• 5, 10 & 21-DMAs coil, neutral setup, as broad choppy consolidation extends

• 1.0909 mid-April low and 1.0874, 38.2% 2023 rise are initial supports

• 1.0990-1.1001, 5, 10 & 21-day moving averages are the first resistance

• 1.0950 1.926BLN, 1.0985 1.521BLN and 1.1000 2.145BLN close strikes May 11

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