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May 14 - 01:55 AM

EUR/USD - ZEW, US PPI, Fed's Powell Comments Lead

By Andrew M Spencer  —  May 14 - 12:05 AM
  • Off 0.05% at the base of a tight 1.0785-1.0793 range in quiet trading

  • A slow session overall in Asia as markets wait for U.S. CPI on Wednesday

  • ZEW economic sentiment data and economic forecasts will be interesting

  • U.S. PPI followed by Federal Reserve Chair Powell talk lead event risk

  • Charts - momentum studies, 5, 10, and 21-day moving averages climb

  • 21-day Bollinger bands rise - daily charts sustain a positive setup

  • Recent 1.0812 high and 1.0818 upper 21-day Bollinger are first resistance

  • Friday's 1.0760 low and then the 1.0724 double-bottom are initial supports

  • 1.0750 1.518 BLN and 1.0800 1.549 BLN close major strikes for May 14th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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