By Andrew M Spencer — Nov 18 - 10:05 PM
Trades of 0.1% - quiet session with the U.S. dollar and UST yields steady
There is no tier-one Eurozone data - US building permits modest event risk
Two undersea cables in Baltic Sea cut, Germany and Finland fear sabotage
Charts - mixed daily momentum studies as 21-day Bollinger bands expand
5, 10 & 21-day moving averages fall, signals show a bearish trending setup
1.0635 10-day moving average and last week's 1.0728 high initial resistance
Last week's 1.0496 trend base, then the 1.0448 2023 low are first supports
1.0590 810mln and 1.0600 1.011 BLN and 1.0650 2.417 BLN Nov 19 close strikes
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary