By Andrew M Spencer — May 21 - 07:50 PM
+0.05% after closing -0.05% with the U.S. dollar +0.05% in low-key trading
ECB President Lagarde is "really confident" inflation is under control
Bundesbank's Nagel believes after the June cut yields should be data-driven
EUR/USD remains resilient - ECB June cut priced - US rate outlook now key
Charts - momentum studies conflict, 10, and 21-day moving averages climb
21-day Bollinger bands rise - uptrend stalled, but no longer overbought
1.0898, 0.786% March/April fall break needed soon to sustain the uptrend
Friday's 1.0836 low, then the 1.0835 rising 10 DMA are initial supports
1.0830 1.015 BLN - 1.0855/60 872mln May 21 strikes may contain in Asia
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary