By Robert Fullem — Apr 18 - 07:56 AM
• EUR/USD stays to very narrow 1.1362-1.1386 range in holiday trade
• Risk tone improved Asia on hopes US-China tariff battle may subside
• Sectry State Rubio says US may exit Russia-Ukraine peace deal if no progress
• Pair keeps bullish bias with 5-DMA lending nearby support at 1.3535
• 55-DMA looks to cross above 200-DMA at 1.0753
• Needs to top 1.1474 YTD high and 1.15 barriers to see upward momentum build
• Remains overbought on RSI as congestion builds above 1.1242 April 10 high
• No US data, Fed Daly to speak and G20 fin mins/CBers set to meet
• EU flash PMIs, consumer conf. and trade among data points next week
EUR
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters