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May 18 - 09:55 PM

EUR/USD - Bid Early, But Fragile U.S. Sentiment Weighs

By Andrew M Spencer  —  May 18 - 08:15 PM

  • +0.1% after closing down 0.85% amid broad safe haven U.S. dollar strength

  • EZ inflation steady at a record high, consensus for July hikes nL5N2XA2S9

  • Euro remains a bellwether for the Ukraine conflict and victim of USD moves

  • Wednesday's Wall Street slide illustrates the fragility of sentiment

  • Charts; momentum studies rise, 5, 10 and 21 day moving averages conflict

  • 21 day Bolli bands contract, bearish signals ease, but key resistance held

  • 21 day moving average capped Wednesday, now 1.0554 - sustains downtrend

  • 1.0435/45 1.630 BLN strikes and 1.0541 NY high initial support, resistance

    For more click on FXBUZ


eur May 19 Click here

Source:
Refinitiv IFR Research/Market Commentary

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