• Up 0.15% after closing up 0.45% on Friday amid German stimulus optimism

• Trump threatens Russia with major sanctions until Ukraine peace reached

• Germany's Merz and SPD clear first the hurdle to forming a coalition

• Charts- 5, 10 & 21-day moving averages climb, as 21-day Bolli bands expand

• Positive daily momentum studies - daily signals show a strong topside bias

• Friday's 1.0888 top, then the 1.0937 Nov 2024 high are the next resistance

• Thursday's 1.0766 low, and then the 1.0722 200 DMA are initial supports

• 1.0937 Nov high and 1.0967, 0.786% of the Sept/Jan fall are major resistance

• 1.0850 548mln and 1.0875 855mln close significant March 10th strikes
Andy

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