By Andrew M Spencer — Feb 07 - 06:10 PM
Steady after closing little changed, despite the U.S. dollar slipping 0.25%
ECB policymaker Joachim Nagel - we need further, significant rate hikes
ECBWATCH prices a 50pt hike on March 16th at 48.88% - peak in July at 3.43%
Charts; negative momentum studies, horizontal 21 day Bollinger bands
5, 10 & 21 day moving averages crest/fall - modest negative signals
Closed above 1.0704 lower 21 day Bollinger band again - remains support
Sustained 1.0700 break would open the door to the 1.0482 2023 base
NY 1.0767 high then 1.0830 21 day moving average are initial resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary