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May 14 - 08:55 PM

EUR/USD - Trends Lower As The Safe-Haven USD Marches Higher

By Andrew M Spencer  —  May 14 - 07:40 PM
  • -0.05% after closing off 0.6% amid broad safe-haven USD strength, +USD +0.6%

  • Yields spreads widened, 10yr bund +5bp to 2.266% and 10yr UST +7bp to 3.463%

  • Turkey faces runoff election for president as Erdogan survives first test

  • Charts; 21-day Bollinger bands expand and momentum studies edge lower

  • 5, 10 & 21-DMAs fall, Last week's fall leaves a negative setup

  • Early 1.0844 low then 1.0806, 50% 2023 rise are initial supports

  • 1.0897 NY high then early Europe 1.0935 top are first resistance

  • There are no significant close strikes for May 15

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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