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Apr 14 - 08:55 PM

EUR/USD - Resilient, As The US Weighs The Next Round Of Tariffs

By Andrew Spencer  —  Apr 14 - 07:42 PM

• Steady after closing off 0.05% with the U.S. dollar of 0.1%

• US lawmakers look to boost Ukraine, sanction Russia, sources say

• US begins probes into pharmaceutical, chip imports, ahead of tariffs

• Charts - 21-day Bollinger bands expand, 5, 10 & 21-day moving averages rise

• Daily momentum studies climb - signals show a strong positive setup

• Friday's 1.1474 high and then 1.1495 August 2021 top are first resistance

• Yesterday's 1.1281 low and Friday's 1.1192 base are initial support

• There are no significant close strikes for April 15th
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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