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May 30 - 10:55 PM

EUR/USD - Soft As UST Yields Jump, Taking The USD Higher

By Andrew M Spencer  —  May 30 - 08:45 PM

  • -0.25%, as the USD firms with UST yields - 10yr jumped 10bp to 2.840%

  • EU banned most Russian oil, as Ukraine conflict intensifies nL4N2XM0OC

  • Economic fallout for the EU on the Russia oil ban likely significant

  • Month end rebalancing flows often cause unexpected volatile euro moves

  • Charts; mixed momentum studies, 5, 10 and 21 day moving averages head higher

  • 21 day Bollinger bands expand - net positive setup below pivotal resistance

  • 1.0786, 38.2% 2022 fall capped on Monday - close above would be bullish

  • 1.0760 854 MLN strikes a potential magnet in Asia - 1.0800 1.118 BLN cap

    For more click on FXBUZ


eur May 31 Click here

Source:
Refinitiv IFR Research/Market Commentary

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