By Andrew M Spencer — Jun 25 - 11:45 PM
Trades -0.05% in a 1.0706-1.0718 range with EUR/JPY +0.1% and EUR/GBP flat
The UST yield curve flattened in Asia, 2yr UST -2bp 4.718%, 10yr +3bp 4.261%
Prices suggest Fed to keep rates higher for longer, as did strong AUD CPI
German GfK Consumer Climate is due, but unlikely to impact the Euro
Charts; horizontal momentum studies, 21-day Bollinger bands slide
5, 10 & 21-day moving averages fall - daily signals show a negative bias
Resistance starts at Monday's 1.0746 high and then last week's 1.0761 top
Monday's 1.0686 low and then the June 1.0667 base are initial supports
1.0700 2.376 BLN and 1.0725/30 1.444 BLN are the close strikes for June 26th
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary