By Andrew M Spencer — Apr 12 - 07:45 PM
Steady after closing +0.45% - U.S. dollar fell after softer inflation data
Biden urges N.Ireland leaders to seize 'incredible economic opportunity'
DUP says Biden visit has not changed Northern Ireland political dynamic
N Ireland compromise must be found - would be a strong sterling positive
Charts; 5, 10 & 21 day moving averages climb as 21 day Bolli bands contract
Momentum studies conflict - uptrend in play for a test of 1.2525 2023 high
Close below the 1.2344 rising 21 DMA would be a bearish signal
NY 1.2399-1.2496 range is initial support and resistance
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Source:
Refinitiv IFR Research/Market Commentary