By Robert Fullem — May 05 - 01:45 PM
• EUR/USD trims session gain amid slight risk tone improvement, softer CNH
• Trsy Scty Bessent sees policies getting 3% growth, downplays mkt turbulence
• IMF head says been vocal about China's need to boost consumption
• Euro's drop is in light turnover due to multiple holidays including in UK
• DXY remains lower before two-day Fed; FX havens and gold outperform
• EUR/USD forms inverted hammer above key support at 21-DMA of 1.1295
• Supp: 1.1242 April 10 high; 1.1147 April 3 high
• Resist: 1.1425 April 28 high; 1.1573 April 21 high
EUR
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters