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May 28 - 10:55 PM

EUR/USD - Falls As The USD Climbs On Trump Tariff News, Nvidia

By Andrew Spencer  —  May 28 - 09:31 PM

• Off 0.55% in a busy start to Asian markets, as news feeds the USD

• US trade court blocks Trump's tariffs, says president exceeded his authority

• USD jumped, but the Trump administration already filed a notice of appeal

• Nvidia rose 5% as the sales hit from China export curbs not as bad as feared

• Portugal's far-right Chega is now the main opposition, Poland votes Sunday

• Charts- 21-day Bolli bands ease, negative daily momentum studies

• Conflicting 5, 10 & 21-day moving averages - the daily chart is neutral

• May 16th's 1.1131 low, then 1.1053/65 0.618% Mar/Apr rise are major supports

• Early 1.1295 high, then yesterday's 1.1345 top are initial resistance

• 1.1200 1.360BLN and 1.1250 927mln are the close strikes for May 29
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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