• +0.1% after closing up 0.8% with the USD off 0.65% on rising trade tensions

• Russia sets out punitive terms at peace talks with Ukraine - war continues

• Poland's new president poses challenges for EU and Ukraine relationships

• EU says it will make a strong case for US tariff cuts this week

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

• 21-day Bollinger bands gently expand - daily chart shows a topside bias

• Yesterday's 1.1341 low then 1.1288 21-day moving average initial supports

• 1.1473 upper 21-day Bolli band and 1.1572 April & 2025 high first resistance

• 1.1400 1.706 BLN and 1.1450 1.222 BLN close June 3rd strikes
Andy

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