By Andrew M Spencer — Feb 27 - 06:35 PM
Flat after closing up 0.6% as EU/UK reach a post Brexit trade agreement
Biden welcomes post-Brexit Northern Ireland deal between Britain and EU
If the deal becomes fact, it will be an economic positive for UK and EU
10yr yield spreads tightened, 10yr Bund +6bp 2.581%, 10yr UST -2bp 3.921%
Charts; mixed momentum studies, 21 day Bollinger bands track south
5, 10 & 21 day moving averages head lower - a negative trending setup
Well tested falling 1.0634 10 day moving average is pivotal resistance
Initial target for the downtrend is a test of the 1.0482 2023 base
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary