• Trades up 0.65% with the USD off 0.5%, despite rising long-end UST yields

• Markets are in turmoil amid the uncertainty on the impact of U.S. tariffs

• A new and functioning German government would be a big EUR positive

• Large EZ companies caught between a 'rock and a hard place' on US tariffs

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

• Daily momentum studies climb - daily signals show a positive setup

• Monday's 1.1050 high and last week's 1.1147 2025 top are first resistance

• This week's 1.0880 base and Thursday's 1.0805 low are initial support

• 1.1000 1.214 BLN and 1.0550/60 1.540 BLN are the close April 9th strikes
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)