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May 26 - 08:55 PM

EUR/USD - US Trade Deal Optimism Provides Underlying Support

By Andrew Spencer  —  May 26 - 07:48 PM

• +0.05% in early Asia, after closing up 0.25% with the USD off 0.1%

• EU sees 'new impetus' in US trade talks, businesses worry over uncertainty

• EU's Sefcovic says he had a good call with US Secretary of Commerce Lutnick

• France, Vietnam sign deals worth $10 billion as Macron visits Hanoi

• Charts- neutral 21-day Bolli bands, 5, 10 & 21-day moving averages base/rise

• Daily momentum studies climb - the daily charts show a topside bias

• Friday's 1.1280 base, then May 16th's 1.1131 low are initial supports

• 1.1425 Apr 28 top, then 1.1464 0.786% of the April/May fall first resistance

• 1.1380 1.140 BLN and 1.1400 3.274 BLN close May 27th strikes

• There are no significant
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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