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Feb 23 - 01:55 AM

EUR/USD - Steady - Stocks Likely Lead Risk Appetite And The USD

By Andrew M Spencer  —  Feb 22 - 10:15 PM
  • Steady in the middle of a 1.0815-1.0831 range with the USD unchanged

  • German ifo Business climate leads the data, ECOFIN and Eurogroup meetings

  • Meetings suggest there will be plenty of headlines, unlikely market-moving

  • No significant U.S. data, so stocks likely lead risk appetite and the USD

  • Charts; conflicting daily momentum studies, 21-day Bollinger bands contract

  • Mixed 5, 10 & 21-day moving averages - signals show no significant bias

  • 1.0874 upper 21-day Bollinger band, Thursday's 1.0889 high first resistance

  • NY 1.0803 low and this week's 1.0762 low are the initial major supports

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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