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Aug 01 - 09:55 PM

EUR/USD - Range Top Under Pressure As UST Yields Slide

By Andrew M Spencer  —  Aug 01 - 08:30 PM

  • Steady after closing up 0.35% amid broad USD weakness, as UST yields slid

  • UST yields hit new lows in Asia, 10yr -3bp to 2.550%, 30yr -4bp 2.889%

  • Safe haven flows hit UST yields as Pelosi visits Taiwan nL1N2ZD0VP

  • Charts, 5, 10 & 21 day moving averages conflict, momentum studies climb

  • 21 day Bollinger bands contract - neutral setup suggests range trading

  • 1.0279 late July top and 1.0076, 61.8% July bounce are the pivotal levels

  • Primary trend still down - 5, 10 & 21 week MA's plus 21 week Bolli's slide

  • There are no significant close option strikes today

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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