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May 27 - 08:55 PM

EUR/USD - Opens Lower As The USD Bounces With Risk Appetite

By Andrew Spencer  —  May 27 - 07:31 PM

• +0.05% after closing -0.5% with the USD +0.6%, weak yen, EUR/JPY +0.55%

• USD strength on investor optimism towards a US/EU trade deal

• Brussels seeks details on firms' US spending, ahead of trade talks

• Europe's defence companies scramble for workers as business booms

• Charts- 21-day Bolli bands contract, neutral daily momentum studies

• 5, 10 & 21-day moving averages base/rise - a modest 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

• 1.1300 1.830BLN and 1.1400 3.055 BLN close strikes for May 28th
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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