• +0.05% after closing +0.1% with the U.S. dollar -0.2% with lower UST yields

• EU ministers aim for a much broader outcome than the British-US trade deal

• A more comprehensive EU/US trade deal will likely be a long process

• Charts- 21-day Bollinger bands ease, 5, 10 & 21-day moving averages slip

• Daily momentum studies conflict - daily charts retain a bearish setup

• A close above the 1.1304 21-day moving average would end the downside bias

• Monday's 1.1065 low then 1.1053 0.618% of the Mar/Apr rise initial supports

• This week's 1.1265 high, then last week's 1.1380 top, are first resistance

• 1.1150 1.593BLN, 1.1200 5.136BLN, 1.1225 1.641BLN close strikes for May 16th
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)