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TDUX
May 04 - 11:55 PM

EUR/USD - Remains Soft As Energy Crisis Fears Linger

By James Connell  —  May 04 - 11:11 PM

• EUR/USD -0.05% Tue as Middle East war re-escalation continues to weigh

• Iran attacks ships and UAE oil port, puts U.S.-Iran ceasefire in doubt

• EUR break below 1.1650 support would trigger accelerated sell-off

• U.S. Mar international trade value data and Apr PMIs due Tue

• Euro zone Mar producer prices due Wed (poll +3.3% m/m, +1.8% y/y)

• Range Asia 1.1680-9375, support 1.1650 1.1409, resistance 1.1850 1.1930
EUR daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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