• Off 0.05% after closing +1.1% with the USD -0.95% on Ukraine deal optimism

• Yield spreads tightened - 10yr bund +9bp to 2.473%, 10yr UST -7bp to 4.159%

• Euro zone bond yields surged as markets brace for a jump in defence spending

• White House seeks a plan for possible Russia sanctions relief, sources say

• Charts- 5, 10 & 21-DMAs edge higher, as 21-day Bolliger bands turn positive

• Neutral daily momentum studies - daily signals show a modest topside bias

• Monday's 1.0504 high then the 2025 1.0534 top on January 27 first resistance

• 1.0360 low on Friday then the 1.0300 lower 21-day Bolli band first supports

• 1.0480 1.058 BLN and 1.0500 460mln are the close strikes for March 4th
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)