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May 13 - 09:55 PM

EUR/USD - Resilient As Charts Begin To Trend Higher

By Andrew M Spencer  —  May 13 - 07:40 PM
  • Steady early after closing up 0.2% as the USD fell 0.1% in a low-key session

  • Yield spreads were unchanged with both 10yr bund and 10yr UST off just 2bp

  • The 'Choose France' campaign attracted a record $16BLN in fresh investment

  • Charts - momentum studies, 5, 10, and 21-day moving averages climb

  • 21-day Bollinger bands rise - daily charts maintain a positive setup

  • The recent 1.0812 high and 1.0818 upper 21-day Bollinger likely cap in Asia

  • Friday's 1.0760 low and then Thursday's 1.0724 base are initial supports

  • 1.0750 1.518 BLN and 1.0800 1.549 BLN close major strikes for May 14th

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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