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Jun 30 - 08:55 PM

EUR/USD - Begins July At A Trend High Into EU-US Trade Talks

By Andrew Spencer  —  Jun 30 - 07:44 PM

• Off 0.05% after closing +0.55% to levels not seen since September 2021

• EU trade chief bound for US, seeking a deal that is fair for both sides

• More than 100 businesses urge the EU not to weaken sustainability rules

• Euro zone is facing increased uncertainty, inflation volatility - Lagarde

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

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

• Thursday's 1.1654 low, then the 1.1547 21-day moving average initial support

• A close below the close 1.1547 21-DMA would end the May/June topside bias

• Blue sky topside until the 1.1909 September 2021 high

• 1.1750 1.399 BLN and 1.1800 3.158 BLN close July 1st 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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