By Andrew M Spencer — Apr 15 - 07:45 PM
-0.15% amid broad USD strength on strong retail sales and safe-haven demand
Yield spreads widened, 10yr bund +8bp to 2.431%, 10yr UST +13bp to 4.628%
ECB's chief economist Philip Lane said inflation is heading back to 2%
The disparity in the US and EU economic performance weighs on EUR/USD
Charts - daily momentum studies fall, 21-day Bollinger bands expand
5, 10, and 21-day moving averages slide - bearish daily and weekly charts
1.0665 early European high and prior 1.0695 2024 base are first resistance
1.0620 New York and 2024 low then 1.0594, .786 of the Oct-Dec rise support
1.0650 801mln and 1.0660/70 2.597BLN close significant strikes for April 16
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Source:
Refinitiv IFR Research/Market Commentary