By Andrew M Spencer — Apr 28 - 07:35 PM
Steady after closing down 0.6% amid broad based U.S. dollar strength
EUR soft despite USD/EUR interest rate differentials tightening
10 year bunds climbed 8bp to 0.895%, 10 year UST yields +1bp 2.832%
No sign of a truce in Ukraine as the conflict intensifies nL2N2WQ047
Charts; 5, 10 & 21 DMAs, 21 day Bollinger bands and momentum studies fall
Bearish setup targets the long term 1.0340 low in January 2017
Close above 1.0799 21 day moving average needed to undermine downside bias
1.0469 NY low and 1.0565 1.961 BLN strikes are initial support, resistance
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Source:
Refinitiv IFR Research/Market Commentary