By Andrew M Spencer — May 15 - 08:05 PM
-0.1% as the USD firms early, but E-mini S&P is up 0.5%, should cap the USD
No sign of a compromise in the Ukraine-Russia conflict nL5N2X700R
Finland and Sweden edge towards joining NATO defence alliance nL2N2X70EB
Sustained euro strength unlikely until there is hope of a Ukraine compromise
Charts; daily momentum studies, 5, 10 and 21 day moving averages slide
21 day Bolli bands fall, bearish setup suggests a break of 1.0340 2017 low
Close above 1.0597 21 DMA to end the downside bias - no close option strikes
1.0349 NY low and 1.0460, 38.2% May fall initial support, resistance
For more click on FXBUZ
eur May 16 Click here
Source:
Refinitiv IFR Research/Market Commentary