• Steady after closing up 0.75% with the U.S. dollar off 0.5%

• Yield spreads tightened, 10yr bund +11bp to 2.930%, 10yr UST +7bp 4.282%

• Optimism that a German coalition will deliver a fiscal bonanza supports

• US to resume Ukraine security support - Kyiv ready to accept a ceasefire

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

• Positive daily momentum studies - daily signals retain the topside bias

• 1.0937 Nov 2024 high, then 1.0980 0.786% 2024/25 fall are first resistance

• Yesterday's 1.0832 low, then the 1.0722 200 DMA are initial supports

• 1.0875/80 1.378 BLN, 1.0950 973mln close major March 12th strikes
Andy

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