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
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eur jun 6 Click here
Source:
Refinitiv IFR Research/Market Commentary