Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 29 - 09:55 PM

EUR/USD - Poised Below Key Resistance Ahead Of Inflation Data

By Andrew M Spencer  —  Apr 29 - 07:45 PM
  • -0.05% in early Asia after closing up 0.27% with the U.S. dollar off 0.28%

  • Yields spreads were steady, 10yr bund -5bp 2.526% and 10yr UST -5bp 4.612%

  • German inflation edged higher to 2.4% ahead of EZ CPI later today, poll 2.4%

  • Charts - 5, 10, and 21-day moving averages coil, 21-day Bollinger bands slip

  • Daily momentum studies rise - the downtrend has stalled - neutral signals

  • 1.0745 Fibo resistance, 0.382% of the March/April fall capped on the close

  • Close above 1.0745 would target a test of the 1.0790 0.5% retracement

  • 1.0690 - 1.0729 New York range is initial support and resistance

  • 1.0700 652mln and 1.0750 1.046BLN are the close strikes for April 30th

    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
!