• Trades up 0.35% after falling 0.4% on Friday amid safe-haven USD demand

• German election victor Merz plans to pivot from US as coalition talks loom

• Merz will focus on European unity and building a stronger German economy

• Europe needs Germany to build a viable coalition as soon as possible

• Charts- positive 5, 10 & 21-day moving averages, neutral 21-day Bolli bands

• Daily momentum studies climb - daily charts show a modest positive bias

• Wednesday's 1.0401 low, then the Feb 13 1.0374 base are first supports

• 1.0514 February high, then the 1.0534 2025 top are first major resistance

• 1.0460/70 5.455 BLN, 1.0500 1.438 BLN, 1.0525 1.142 BLN Feb 24th strikes
Andy

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