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Jun 15 - 09:55 PM

EUR/USD - Muted Offshore Bounce, Base Still The Weak Side

By Andrew M Spencer  —  Jun 15 - 08:00 PM

  • +0.1% after closing up just 0.25% against a 0.55% fall in the USD Index

  • Yield spreads were EUR positive, 10yr bund fell 10bp - 10yr UST -16bp

  • ECB announced measures to maintain tight peripheral spreads nL8N2Y23QF

  • Charts; mixed momentum studies, 5, 10 & 21 day moving averages fall

  • 21 day Bollinger bands expand, bearish setup despite Wednesday's bounce

  • Bearish signals target a test of the 1.0349 May and 2022 trend low

  • Late NY 1.0469 high then 1.0508 EZ top are initial resistance

  • No significant close strikes on Thursday

    For more click on FXBUZ


eur jun 16 Click here

Source:
Refinitiv IFR Research/Market Commentary

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