By Andrew M Spencer — Feb 15 - 10:15 PM
+0.1% at the top of a 1.2015-1.2045 range with heavy D3 volume, =USD -0.2%
Asia cautious early, then risk recovered, E-mini S&P +0.2%, commodities up
No significant UK data, so risk appetite and the USD likely lead sterling
Charts; 5, 10 & 21 day moving averages, 21 day Bollinger bands slide
Momentum studies edge lower - daily signals show strong negative signals
Close above tested 1.2226 21 day moving average would end downside bias
1.2015 Asian low then this week's 1.2038 base are initial supports
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary