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Sep 25 - 09:55 PM

EUR/USD - Remains Choppy Ahead Of ECB And Fed Speeches

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

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