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