By Andrew M Spencer — May 13 - 12:15 AM
Trades +0.1% with the USD and UST yields firmer in a 1.0373-1.0398 range
Optimism resurfaced in Asia, E-mini S&P +1%, Nikkei +2.5%, AsiaxJP +1.6%
Positive sentiment may flow through to Europe, providing euro support
Charts; daily momentum studies, 5, 10 and 21 day moving averages slide
21 day Bolli bands fall, bearish setup suggests a break of 1.0340 2017 low
Close above 1.0616 21 DMA to end the downside bias - no close option strikes
1.0373 Asian low and 1.0464, 38.2% May fall initial support, resistance
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eur 2 May 13 Click here
Source:
Refinitiv IFR Research/Market Commentary