• EUR/USD +0.7% from Thur 1.1503 low as ECB hikes & Middle East tensions ease

• ECB raises interest rates 25 bps in response to Iran-war driven inflation

• Trump cancels attacks on Iran, claims peace deal could be signed shortly

• Iranian sources flag intensified efforts to reach preliminary deal

• DXY -0.4%, Brent crude -4.2% to $89.20 a barrel as risk appetite improves

• U.S. initial jobless claims 229k (poll 219k), May PPI +1.1% m/m (poll 0.7%)

• EUR pushing upper hourly Bollinger band, progress higher likely to slow

• Overnight range 1.1503-90, support 1.1500 1.1409, resistance 1.1850 1.1930
EUR Daily 55-DMA


US Inflation Studies


EUR Hourly Bollinger Study

(James Connell is a Reuters market analyst. The views expressed are his own.)