By Andrew M Spencer — May 08 - 08:30 PM
-0.2% as U.S. dollar firms with E-mini S&P off 1%, but UST yields steady
G7 leaders pledge further economic isolation of Russia nL2N2X00C5
Appears that the Ukraine-Russia conflict will weigh on EU economy long term
Charts; 10 & 21 daily, weekly and monthly moving averages track south
21 day Bollinger bands and daily momentum studies head lower
Bearish setup targets the long term 1.0340 low in January 2017
Close above 1.0691 21 day moving average would end the downside bias
499 MLN 1.0520 strikes and early Asian 1.0565 high first support resistance
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Source:
Refinitiv IFR Research/Market Commentary