By Andrew M Spencer — Sep 25 - 08:25 PM
Flat after closing down 0.45%, but resilient with the USD up 0.55%
Yield spreads were little changed both bunds and UST yields climbed 5bp
No tier one EZ data - ECB President Lagarde and Fed Chair Powell to speak
Charts - neutral daily momentum studies, 21-day Bollinger bands flat-line
5, 10 & 21-day moving averages conflict - no strong short-term bias
Wednesday's 1.1214 high then 1.1271, 0.618% 2021/2022 fall are resistance
This week's 1.1084 low, then the 1.1068 base last week are initial supports
Fresh trend high at 1.1214 proved short lived - reversal is negative
1.1123/30 1.481 BLN and 1.1150 1,998 BLN close strikes for Sept 26th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary