• Steady after closing down 0.05% in a choppy session - USD flat

• Falling bund yields capped, 10yr -4bp - 10yr Treasury yields +5bp on TWEB

• Germany's Merz unveils coalition deal to spur growth, tackle migration

• A functioning German government is good news for Germany, Europe, and euro

• US open to comprehensive EU talks, Irish minister says after Lutnick meeting

• Charts - 21-day Bollinger bands expand, 10 & 21-day moving averages rise

• Horizontal daily momentum studies - signals show a modest positive setup

• Last week's 1.1147 2025 top, then 1.1214 September high are first resistance

• Monday's 1.0880 base and Thursday's 1.0805 low are initial support

• 1.0930/40 4.284BLN, 1.0950 2.482 BLN, 1.0965 1.360BLN April 10th strikes
Andy

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