• Trades up 0.8% after touching 1.1385 in Asia, leading the USD lower

• E-mini S&P -0.9%, Nasdaq e-mini -1.1%, 10yr UST +6bp 4.45% no USD safe-haven

• US-China trade war, tariff uncertainty revives recession, bear market fears

• Europe is seen as a safe-haven in the current Trump-inspired US turbulence

• Charts - 21-day Bollinger bands expand, 5, 10 & 21-day moving averages rise

• Daily momentum studies climb - signals show a strong positive setup

• Today's 1.1385 high and then 1.1495 August 2021 top are first resistance

• Today's 1.1192 low and Thursday's 1.0943 base are initial support

• After the jump, there are no significant close strikes for April 11th
Andy

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