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May 31 - 01:55 AM

EUR/USD - Firmer U.S. Dollar Weighs Into Key Inflation Data

By Andrew M Spencer  —  May 30 - 11:40 PM
  • Off 0.15% near the base of a 1.0811-1.0835 range with the U.S. dollar +0.1%

  • Last-minute month-end rebalancing flows could produce interesting moves

  • EZ and US inflation lead event risk today, which could be pivotal

  • Charts - momentum studies crest/fall, as 21-day Bollinger bands contract

  • 5, 10, & 21-day moving averages coil - signals show no little bias

  • Thursday's 1.0788 early European low is the initial support

  • This week's 1.0889 high is the first significant resistance

  • 1.0795/00 653 mln and 1.0825 669 mln are the close strikes for May 31

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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