+0.05% after closing off 0.05% - USD on hold ahead of U.S. jobs on Friday

Yield spreads widened - 10yr bund fell 5bp 2.641% and 10yr UST +1bp 3.989%

Easing European was more about profit taking than driven by weak data

Charts; 21 day Bollinger bands, and momentum studies all head lower

5, 10 & 21 day moving averages track south - strong bearish setup

1.0524 early Europe low then the 1.0482 2023 base are resilient supports

1.0574 NY high then 1.0662 Ichimoku cloud base are first resistance

Sustained Ichimoku cloud break lower, 1st since November is a bearish signal

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