• EUR/USD plunged on weekend news of Trump tariffs, 1.0342 to 1.0125 EBS
• Following the spike down, markets has steadied a bit between 1.0208-70
• Trading still thin and on volatile side, fresh volatility into Europe?
• Higher US yields USD supportive, likely to help cap EUR, other currencies
• EUR/USD cap seen in place at descending 55-DMA at 1.0424 now
• Descending daily Ichimoku cloud above between 1.0457-1.0634
• Also descending hourly 55/100/200-HMAs 1.0378/99/1.0424, cloud 1.0413-22
• Option expiries today 1.0200 E590 mln, 1.0300-50 total E3.7 bln, a cap?
• Nothing specific on Europe tariffs, market waiting for hammer to drop
• Related comment (pre-tariff news) , also
• On Trump tariffs , for more click on [FXBUZ]
EUR/USD daily:
EUR/USD hourly:
EUR/USD nearby option expiries this week:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)