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Mar 25 - 08:55 PM

EUR/USD - Treads Water Amid Tariff Talks, Greenland Pressure

By Andrew Spencer  —  Mar 25 - 07:14 PM

• Steady after closing -0.1% with an inside day - the USD also slipped 0.1%

• EU trade chief meets with US officials to try to head off 'harmful' tariffs

• U.S. visit to Greenland is unacceptable, Danish prime minister says

• Charts- 5, 10 & 21-DMAs conflict, as 21-day Bollinger bands contract

• Daily momentum studies fall - uptrend stalled, leaving a neutral setup

• 1.0855 easing 10 DMA then the 1.0955 2025 high in March are first resistance

• The 1.0760 21 DMA is first support, then the pivotal 1.0727 200 DMA

• 1.0760 1.036 BLN and 1.0800 589 mln are the close March 26th strikes
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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