(Change holds spelling)
• EUR/USD trims gain as Trsy yields firm after unexpected ISM services rise
• Slips back below 1.1328 5-DMA to midpoint of narrow 1.1299-1.1365 range
• Bulls are encouraged by pair lingering above a rising 21-DMA at 1.1296
• Dax closes up for a ninth session, rising 1%, while US share meander
• 1-mo. risk reversal climbs to 1-wk high of 0.9% in favor of calls before Fed
• Gains in CNH, lower oil also support common currency
• Needs to rise in coming sessions to avoid bear 5-21 DMA crossover
• German trade, Euro zone PMIs, ECB speakers slated for this week
• Supp: 1.1242 April 10 high; 1.1147 April 3 high
• Resist: 1.1425 April 28 high; 1.1573 April 21 high
EUR
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)