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
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eur May 19 Click here
Source:
Refinitiv IFR Research/Market Commentary