• Off 0.05% after closing up 0.7% with the USD down 0.6% on the U.S. downgrade
• Trump says Russia and Ukraine to start 'immediate' talks on ceasefire
• EU/UK announced a trade and defence reset in 'new era'for relations
• Berlin and Paris overcome the rift over nuclear energy - French official
• Charts- 21-day Bollinger bands contract, 10 & 21-day moving averages slip
• Daily momentum studies base/rise - daily charts show no strong bias
• Friday's 1.1131 low, then 1.1053 0.618% Mar/Apr rise are initial supports
• 1.1283 21 DMA and the 1.1380 May top, are the first resistance
• A close above the tested 1.1283 21-day moving average would be bullish
• 1.1195/00 2.981 BLN and 1.1240/50 2.910 BLN close May 20th strikes
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)