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Aug 27 - 08:55 PM

EUR/USD - Yield Differentials Potentially Key For A Breakout

By Andrew M Spencer  —  Aug 27 - 07:25 PM
  • Flat- closed -0.1% in a volatile session, USD supported by firmer UST yields

  • Yield differentials likely a significant factor next week nL8N2FT56T

  • 1.1775 230M, 1.1835 201M, and 1.1900 226M are the close strikes today

  • Techs; 5, 10 & 21 DMAs coil, momentum studies conflict - neutral setup

  • Upper 21 day Bolli capped again Thursday - now key resistance at 1.1910

  • Last week's topside failure a negative signal, 1.1695 August low supports

  • Tight 1.1725-1.1910 21 day Bolli bands to contain, unless major news

  • NY 1.1762-1.1903 range is initial support-resistance


For more click on FXBUZ


eur aug 28 Click here

Source:
Refinitiv IFR Research/Market Commentary

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