Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Feb 27 - 08:55 PM

EUR/USD - Bounced On Post Brexit Deal, Softer UST Yields

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!