• Steady after closing up just 0.06% after a low-key inside day on Monday

• Yield spreads widened, 10yr bund -4bp 2.476%, 10yr UST -2bp 4.489%

• ECB policymakers grow more confident about cutting interest rates

• Euro remains resilient - ECB cutting before the Fed is priced in

• Charts - 5, 10, and 21-day moving averages conflict, momentum studies rise

• 21-day Bollinger bands contract - the daily techs show mixed signals

• 1.0816 upper 21-day Bolli and 1.0835, 0.618% of Mar/Apr fall key resistance

• Monday's 1.0750 low the Friday's 1.0724 European low are initial supports

• 1.0750 2.146BLN and 1.0800 1.387BLN are the close strikes for May 7th

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