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Jun 26 - 01:55 AM

EUR/USD - Softer As Markets Price Higher US, AUD Rates For Longer

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

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