Steady after closing -0.2% amid broad-based USD safe-haven-led strength

The outlook for EZ growth is cooling after recent data, led by manufacturing

Yield spreads widened, 10yr bund -1bp to 2.459%, 10yr UST +5bp to 3.743%

Charts; 21-day Bollinger bands and momentum studies head lower

5, 10 & 21-DMAs track south - remains a negative trending setup

Early Asia 1.0742 low and 1.0737 61.8% of the 2023 rise are initial support

1.0801 NY high then 1.0809 10-day moving average are the first resistance

1.0765 986mln are the only significant close strikes for May 25th

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