• Steady after closing off 0.6% on USD short-covering and safe-haven flows

• Data suggests U.S. economy is slowing, undermines the general growth outlook

• Yield spreads closed steady, 10yr bund -7bp 2.220%, 10yr UST -7bp 3.376%

• Charts; 21-day Bollinger bands and momentum studies edge lower

• 5, 10 & 21-DMAs fall, dip changes the technical setup to negative

• 1.0900 New York low and 1.0874, 38.2% 2023 rise are initial supports

• 1.0956-1.0988, 5, 10 & 21-day moving averages are the first resistance

• There are no significant close strikes for May 12

For more click on FXBUZ