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