By Andrew M Spencer — Feb 01 - 06:30 PM
Steady after closing up 1.2%, with the USD and UST yield broadly lower
50pt ECB hike to 2.5% fully priced - outlook will be key for the euro
Euro zone PMI's suggest factories are over the worst - set to recover
Expecting tight range trading in Asia ahead of the ECB rate decision
Charts; momentum studies rise, 21 day Bollinger bands head higher
5, 10 & 21 day moving averages climb - positive setup has returned
1.0938 50% of 2021-2022 fall broken - targets 1.1271 61.8% 2021/2022 fall
Close below 1.0823 rising 21 DMA, a base this week would end topside bias
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary