By Andrew M Spencer — Apr 10 - 08:40 PM
+0.1% in Asia after closing down 0.35% amid broad based USD strength
CME FedWatch expectations of a Fed May 3 25pt hike at 69.9% from 57.2% Apr 3
ECB's Pablo Hernandez de Cos - high core inflation - further hikes viable
Charts; 21 day Bollinger bands climb, momentum studies crest or fall
5, 10 & 21 day moving averages show mixed signals - a net bullish setup
Targets a test of the 1.0973 April high, then the 1.1034 2023 high
Close below the 1.0813 21 day moving average would be a bearish signal
NY 1.0831 low and European 1.0917 high are initial support and resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary