By Andrew M Spencer — Apr 22 - 07:15 PM
Steady after closing down just 0.05% with the U.S. dollar little changed
ECB governors stick to plan for multiple rate cuts, despite the cautious Fed
June ECB cut is priced, but the timing of future cuts are data-dependent
Charts- 10 and 21-day moving averages, plus 21-day Bollinger bands slide
Daily momentum studies show mixed signals after an inside day - net bearish
1.0594, 0.786 of the October-December rise remains the initial support
The 1.0695 prior 2024 low in February is the initial significant resistance
1.0650 1.446 BLN strikes may act as a magnet today in Asia
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary