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Apr 21 - 08:55 PM

EUR/USD - Trend High On Safe-Haven Demand, As The USD Slides

By Andrew Spencer  —  Apr 21 - 07:35 PM

• Up 0.1% after closing 1.05% higher with the U.S. dollar off 0.95%

• USD sold off on Trump's attack on Fed Chair Powell's refusal to cut rates

• Conflict between Trump and the Fed underscores the EUR as a safe-haven

• Putin says he is open to direct peace talks with Ukraine - progress?

• EU says it will enforce digital rules irrespective of CEO and location

• Charts - 21-day Bollinger bands expand, 5, 10 & 21-day moving averages rise

• Daily momentum studies climb - signals retain a positive trending setup

• Yesterday's 1.1572 top - 1.1692 October 2021 high are the first resistance

• Monday's 1.1393 low and then April 15th 1.1264 low are the initial support

• A close below the rising 1.1332 10-DMA would flag caution for bulls
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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