By Andrew M Spencer — Nov 12 - 07:50 PM
Steady after closing up 0.15% on Friday with the US dollar down just 0.1%
Hawkish ECB President Lagarde - inflation could tick up in coming months
ECB, Federal Reserve, and BoE, cautious on inflation - will be data-driven
Charts - mixed momentum studies, 5, 10 & 21-day moving averages conflict
21-day Bollinger bands head higher - a modest positive setup
Neutral setup - 1.0764 38.2% 2023 fall in July and October is key resistance
Close below 1.0623 21 DMA and 1.0608 61.8% of the Nov rise would be bearish
1.0700 636 mln are the only strikes within 50pts for Nov 13
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary