By Andrew Spencer — May 25 - 07:42 PM
• +0.15% extending Friday's 0.75% gain, with the U.S. dollar 0.8% lower
• The EU urged respect, not threats, after Trump pushed for 50% tariffs
• Trump extends the deadline to reach an EU trade deal until July 9
• Russia launches war's largest air attack on Ukraine - kills at least 12
• Charts- flat 21-day Bolli bands, 5, 10 & 21-day moving averages base/rise
• Daily momentum studies base/rise - daily charts show a topside bias
• Thursday's 1.1255 base, then May 16th's 1.1131 low are initial supports
• May 1.1381 high under pressure, then 1.1425 Apr 28th top, first resistance
• 1.1300 821mln are the only significant close May 26th strikes
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters