• EUR/USD tight 1.0868-97 range Monday, well contained by recent highs/lows

• Many EUR/USD traders still favour longs and buyers should limit setbacks

• Cite German debt hike pricing and Ukraine ceasefire hope supporting EUR/USD

• U.S. exceptionalism now at risk from tariff damage and can weigh USD

• EUR/USD well supported above 1.08, but bulls needs 1.0957-1.1000 break

• Bigger support at 200-dma 1.0723 should attract buyers, but stops are below

• FX Options pricing reverts and now consistent with spot consolidation
EUR=EBS

(Richard Pace is a Reuters market analyst. The views expressed are his own)