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Jun 22 - 08:55 PM

EUR/USD - Soft With Risk Appetite Early, Amid Iran Jitters

By Andrew Spencer  —  Jun 22 - 07:34 PM

• Off 0.25%, with the USD up 0.25%, after the US bombed Iran nuclear sites

• E-mini S&P -0.35%, Brent oil +2.2% $78.67 - risk off, but no panic so far

• IAEA says entrances to tunnels at Iran's Isfahan site hit by US strike

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

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

• 1.1443 21-day moving average, then the 1.1372 June 6 base, initial support

• Friday's 1.1544 top, then the 1.1632 2025 high are the next resistance

• A close below the close 1.1443 21-DMA would end the May/June topside bias

• 1.1460 521mln, 1.1490 1.124 BLN and 1.1500 1.150 BLN close June 23 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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