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Jun 18 - 08:55 PM

EUR/USD - Uptrend Hangs In, As Geopolitical Turmoil Swirls

By Andrew Spencer  —  Jun 18 - 07:41 PM

• Off 0.05%, after closing steady with the U.S. dollar up 0.05%

• European ministers to hold nuclear talks with Iran on Friday - source says

• Trump keeps the world guessing about US military action on Iran

• Iran may find it easier to find a compromise without Trump's presence

• Charts - daily momentum studies crest, 10 & 21-day moving averages rise

• 21-day Bollinger bands climb - daily charts retain a modest topside bias

• 1.1424 21-day moving average, then the 1.1372 June 6 base initial support

• Yesterday's 1.1530 top, then last week's 1.1632 2025 high, first resistance

• Euro resilient - uptrend in place while 1.1424 21-DMA holds on the close

• 1.1450 891mln, 1.1475 1.162 BLN, and 1.1500 1.072 BLN close June 19 strikes
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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