By Andrew Spencer — Mar 17 - 07:35 PM
• Steady after closing up 0.35% with the U.S. dollar off 0.3%
• Trump and Putin to discuss power plants, land in talks to end Ukraine war
• German court throws out new challenges against Merz's borrowing plans
• The decision suggests the German stimulus measures will pass today
• Charts - 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise
• Positive daily momentum studies - daily signals retain the topside bias
• 1.0937 Nov 2024 high, then 1.0980 0.786% Sep/Feb fall are first resistance
• Last week's 1.0805 low, and then the 1.0724 200 DMA are initial supports
• 1.0900 1.608 BLN and 1.0950 894 mln are the close March 18th strikes
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters