By Andrew M Spencer — Sep 22 - 07:35 PM
Flat after closing unchanged with the U.S. dollar up 0.1%
Yield spreads tightened, 10yr bund +3bp to 2.220%, 10yr UST flat at 3.604%
Germany's SDP leader Scholz is set to win the state election in Brandenburg
Far-right AfD led ahead of the vote, result gives Scholz a chance to rebuild
Charts retain a modest positive bias; daily momentum studies base/rise
21-day Bollinger bands contract while 5 & 10-day moving averages climb
Last week's 1.1189 high, then the August 1.1201 top are pivotal resistance
Friday's 1.1136 low, then last week's 1.1068 base are initial supports
1.1150 1.862 BLN are the close strikes for September 23rd
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Source:
Refinitiv IFR Research/Market Commentary