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Jun 23 - 08:55 PM

EUR/USD - Muted Response To Trump Israel-Iran Ceasefire Call

By Andrew Spencer  —  Jun 23 - 07:54 PM

• +0.2% after closing up 0.45% with the USD -0.35%, as risk appetite recovered

• Muted response to Trump announcing an Israel-Iran ceasefire after the close

• WTI oil is off 4.3% to $65.57 on the Israel-Iran ceasefire news

• ECB's Lagarde urges EU lawmakers to speed up launching a digital euro law

• Charts - daily momentum studies rise, 5, 10 & 21-day moving averages climb

• 21-day Bollinger bands expand - daily charts retain the topside bias

• 1.1457 21-day moving average, then the 1.1372 June 6 base, initial support

• The 1.1632 2025 high, then the 1.1692 Oct 2021 top are the next resistance

• A close below the close 1.1457 21-DMA would end the May/June topside bias

• 1.1550 1.369 BLN are the only significant close strikes for June 24th
Andy


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

Source:
London Stock Exchange Group | Thomson Reuters

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