By Andrew Spencer — Jun 11 - 11:48 PM
• Up 0.25% with the U.S. dollar off 0.25%, falling early on geopolitics
• Iran threatened US bases in a conflict - US to reduce Middle East personnel
• Risk off in Asia, E-mini S&P -0.35%, Nikkei -0.7%, STOXX 50 -0.75%
• Euro trades as a safe-haven at present, amid the turmoil in the US
• Charts - daily momentum studies, 5, 10 & 21-day moving averages rise
• 21-day Bollinger bands climb - daily charts retain a topside bias
• Yesterday's 1.1406 low then Friday's 1.1372 base are initial supports
• 1.1537 upper 21-day Bolli, then the 1.1572 2025 high are first resistance
• 1.1500 4.469 BLN, 1.1525 1.683 BLN, and 1.1550 949mln close Jun 12 strikes
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters