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Jun 01 - 08:55 PM

EUR/USD - Firmer - Busy News Wires - Close Strikes Contain

By Andrew Spencer  —  Jun 01 - 07:57 PM

• +0.05% after closing -0.15% with the USD +0.2%, despite the busy news wires

• Russia and Ukraine step up the war on the eve of peace talks

• Right-wing Nationalist Nawrocki is narrowly ahead in the Polish election

• Europe bristles at US proposals at the Asian gathering in Singapore

• Charts - neutral 5, 10 & 21-day moving averages, and 21-day Bollinger bands

• Daily momentum studies flat-line - daily chart shows no strong bias

• 1.1278 21-day moving average, then 1.1211 low last week are initial supports

• 1.1425 April 25th high and 1.1437 upper 21-day Bolli band first resistance

• 1.1345 983mln, 1.1350 1.692 BLN 1.1365 678mln close June 2nd strikes
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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