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Apr 06 - 09:55 PM

EUR/USD - Firmer, Despite The EUR/JPY And E-Mini Slide

By Andrew Spencer  —  Apr 06 - 07:40 PM

• +0.2% after closing down 0.8% with the safe-haven U.S. dollar up 0.9%

• Yen strength on safe-haven repatriation flows early EUR/JPY trades -0.8%

• E-mini S&P -4.6%, Nasdaq E-mini -5.4% - risk off to start the week in Asia

• EU seeks unity in the coming days before approving a Trump tariff response

• US Commerce chief: Tariffs will remain in place for days and weeks

• Charts - expanding 21-day Bolli bands, 5, 10, & 21-day moving averages climb

• Daily momentum studies rise - signals show a positive trending setup

• Last week's 1.1147 2025 top, then the 1.1214 September high first resistance

• Earlier today's 1.0880 base Thursday's 1.0805 low are initial support

• 1.0950 898mln and 1.1000 1.504 BLN close strikes for April 7th
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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