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Jul 21 - 09:55 PM

EUR/USD - Gently Bid With Risk Into A Potentially Dovish ECB

By Andrew M Spencer  —  Jul 21 - 08:06 PM

  • +0.05% after closing +0.1% amid broad USD weakness, as risk appetite bounced

  • ECB set to promise even longer support to boost inflation nL4N2OX1SP

  • Expect a tight Asian range ahead of the ECB, especially with Tokyo closed

  • Charts; 5, 10 & 21 daily and weekly moving averages head lower

  • Tight 21 day Bollinger bands fall - targets a 1.1704 March trend low test

  • Close above 1.1843 21 daily moving average needed to end downside bias

  • NY 1.1760-1.1805 range is initial support and resistance

    For more click on FXBUZ


eur jul 22 Click here

Source:
Refinitiv IFR Research/Market Commentary

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