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TDUX
May 10 - 07:55 PM

EUR/USD - Lower As US-Iran Peace Negotiations Go Off-Piste

By James Connell  —  May 10 - 05:57 PM

• EUR/USD -0.2% Mon in wake of Trump's rejection of Iranian proposal

• Iran refuses 'excessive demands' from U.S., peace prospects dissipate

• Putin thinks Ukraine war coming to an end, 3-day ceasefire announced

• EUR's building run towards 1.1850 resistance at mercy of Iran war news

• Euro zone Q1 flash employment and Mar industrial production due Wed

• U.S. Apr non-farm payrolls beat expectations Fri at 115k (Reuters poll +62K)

• Range Asia 1.1742-94, support 1.1650 1.1409, resistance 1.1850 1.1930
EUR Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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