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Jan 15 - 07:55 PM

EUR/USD - Pauses For Breath, But Signals Remain Positive

By Andrew M Spencer  —  Jan 15 - 06:35 PM

  • -0.1% after closing -0.15% on Friday with the USD steady and EUR/JPY -1.35%

  • Yield spreads widened on Friday, 10yr bund +1bp 2.143%, 10yr UST +7bp 3.511%

  • Germany falls to near the base of investment ranking - ZEW nL1N3400CR

  • U.S. holiday today, which may cause in Asian and European consolidation

  • Charts; momentum studies flat line, 21 day Bollinger bands edge north

  • 5, 10 & 21 day moving averages head higher - positive setup

  • Next significant resistance is 1.0938 50% of the 2021-2022 fall

  • NY 1.0781 low and European 1.0865 high Friday first support resistance

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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