• EUR/USD glides lower to 1.1425 from 1.1433, nearing chart pivot

• 21 DMA at 1.1414 about to be tested, as UST yields set to rise

• Could break lower and into Bollinger downtrend channel 1.1385

• Mon close below that will engage bearish technical momentum

• Oil prices spiking again as US-Iran conflict escalates

• US launches ninth consecutive night of attacks on Iran
EUR


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)