• Steady after falling 0.25% on Thursday with the safe-haven USD up 0.25%

• Putin suggests U.S. ceasefire idea for Ukraine needs serious reworking

• Trump threatens tariffs on European wine and spirits in escalating trade war

• Initial German stimulus negotiations pose more questions than answers

• Considering all the negative EZ news the EUR showed resilience

• Charts- 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise

• Neutral daily momentum studies - daily signals retain the topside bias

• Thursday's 1.0897 top, then the 1.0937 Nov 2024 high are first resistance

• This week's 1.0805 low, and then the 1.0722 200 DMA are initial supports

• 1.0850 1.1156BLN March 14th strikes may act as a magnet in Asia
Andy

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