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Jun 25 - 08:55 PM

EUR/USD - Fresh Early 2025 High, As Investor Sentiment Firms

By Andrew Spencer  —  Jun 25 - 07:44 PM

• Up 0.15% after closing up 0.4% with the USD off 0.2%, as sentiment improved

• NATO commits to a 5% of GDP spending hike on arms, and mutual defence

• NATO's Trump flattery buys time but dodges tough Ukraine, Russia questions

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

• 21-day Bollinger bands move higher - daily charts retain the topside bias

• 1.1492 21-day moving average, then this week's 1.1452 base initial support

• 1.1692 Oct 2021 top, then 1.1909 September 2021 high are the next resistance

• A close below the close 1.1492 21-DMA would end the May/June topside bias

• 1.1650 2.968BLN and 1.1700 5.513BLN close strikes for June 26th
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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