By Andrew M Spencer — Oct 15 - 08:05 PM
Off 0.05% early after closing down 0.15%, capped by EUR/JPY -0.57% selling
EZ data showed signs of life as German IP and ZEW surveys beat expectations
EZ yields fell, 10yr bund -5bp 2.228%, as falling oil trumped stronger data
Charts - daily momentum studies slip, 21-day Bollinger bands expand
5, 10 & 21-day moving averages track lower, a negative trending setup
This week's 1.0936 high then last week's 1.0997 top are initial resistance
1.0873/76, 0.618% Jun/Sep rise and the 200-day moving average major support
1.0950/55 3.021BLN is the closest significant strike for October 16th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary