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Jun 12 - 01:55 AM

EUR/USD - Bid With The Euro Trading As A Safe-Haven

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

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