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Feb 27 - 07:55 PM

EUR/USD - Opens Lower As US Tariff Threats Support The USD

By Andrew Spencer  —  Feb 27 - 06:32 PM

• Down 0.05% after closing off 0.85% with the USD +0.8% amid US tariff threats

• Experts cite legal gaps in Trump's proposed minerals deal with Ukraine

• US Treasury's Bessent - Ukraine economic deal is done, no more negotiation

• ECB to cut rates again on March 6 to 2.50%, as the focus turns to growth

• Charts- neutral 5, 10 & 21-day moving averages, 21-day Bolli bands flat-line

• Daily momentum studies crest or fall - the daily signals show little bias

• Thursday's 1.0492 top then the Resilient 1.0534 2025 high first resistance

• 1.0298 lower 21-day Bollinger band, then the 1.0272 Feb 4 low first supports

• 1.0390 814mln, 1.0395 1.287mln and 1.04 3.185 BLN close strikes for Feb 28th
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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