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Jun 05 - 10:55 PM

EUR/USD - Resilient As Rising EZ Yield Expectations Support

By Andrew M Spencer  —  Jun 05 - 08:40 PM

  • +0.1% in Asia after closing off 0.25% amid broad USD, yield led strength

  • No major market moving weekend news - Ukraine conflict rages nL1N2XS0G5

  • Bund yields climbed every day last week as inflation fears grow nL1N2XQ0G4

  • Charts; positive momentum studies, 5, 10 and 21 day moving averages conflict

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

  • 1.0786, 38.2% 2022 fall capped last week - close above to begin next leg up

  • 1.0615 rising 21 day moving average shapes up as pivotal support

  • 1.0700 1.415 BLN and 1.0800 1.469 BLN are Monday's close major strikes

    For more click on FXBUZ


eur jun 6 Click here

Source:
Refinitiv IFR Research/Market Commentary

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