By Andrew M Spencer — Apr 10 - 07:50 PM
+0.05%, after closing -0.25% - U.S. dollar stronger, UST yields higher
Illiquid holiday markets likely fuelled volatility in Monday trading
Charts; 10 & 21 DMAs head north, as the 21 day Bollinger bands contract
Mixed momentum studies - signals suggest the topside momentum has stalled
Close below 1.2402 rising 10 day moving average undermines the uptrend
Sustained break of the 1.2306 rising 21 DMA would be a bearish signal
European 1.2441 high and the NY 1.2346 low are initial support, resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary