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Jun 16 - 11:55 PM

EUR/USD - Markets Edgy, Euro Resilient, As Geopolitics Dominate

By Andrew Spencer  —  Jun 16 - 09:36 PM

• Off 0.05% with the U.S. dollar up 0.05%, as Israel/Iran leads the news today

• Pentagon chief Hesgeth says Trump is still aiming for a deal with Iran

• In rare call, Europeans urge Iran to resume nuclear talks, avert escalation

• Gold +0.5%, Brent +0.2%, Nikkei +0.45%, E-mini S&P -0.35% - markets cautious

• Charts - neutral daily momentum studies, 5, 10 & 21-day moving averages rise

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

• Thursday's 1.1486 low, then the 1.1372 June 6 base are initial supports

• Last week's 1.1632 2025 high, then 1.1692 Oct 2021 high, first resistance

• Euro resilient - uptrend in place while 1.1411 21-DMA holds on the close

• 1.1600 669mln and 1.1625 1.697BLN close significant June 17 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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