Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 26 - 08:55 PM

EUR/USD - More Support For A June ECB Cut - Bounce Stalled

By Andrew M Spencer  —  May 26 - 08:00 PM
  • Steady after closing up 0.3% with the U.S. dollar off 0.3%

  • Should be quiet in Asia with London and New York on holiday today

  • ECB board members Piero Cipollone and Fabio Panetta support a June 6th cut.

  • Charts - neutral momentum studies, as 21-day Bollinger bands rise

  • 5, 10, and 21-day moving averages conflict- uptrend stalled, neutral signals

  • A close below the 1.0794 21-day moving average would be a bearish signal

  • 1.0794 21-DMA and last week's 1.0884 top are initial support/resistance

  • There are no significant close strikes for May 27th

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!