• +0.05% after closing down 0.65% with the U.S. dollar broadly higher, +0.65%

• Yield spreads tightened, 10yr bund +1bp 2.445%, 10yr UST +7bp 3.651%

• ECBWATCH prices a 50pt June hike at 16.6% from 15.9% on Thursday

• A 25pt ECB hike is the most likely outcome, but inflation remains resilient

• Charts; 21-day Bollinger bands expand while momentum studies slide

• 5, 10 & 21-DMAs track lower - remains a negative trending setup

• 1.0762 NY low, then 1.0737, 61.8% of the 2023 rise are initial support

• 1.0817 NY high, then yesterday's 1.0848 Asian top are the first resistance

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