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Apr 10 - 08:55 PM

EUR/USD - Bid, Extends The Surge, As The US Loses It's Allure

By Andrew Spencer  —  Apr 10 - 07:44 PM

• +0.3% after closing up 2.3% with the USD -1.85%, down against all the majors

• Study finds Trump's 25% auto tariffs could cost US automakers $108 billion

• EU could tax big tech if Trump trade talks fail, Von der Leyen tells FT

• There is a real sense that tariffs are causing a kick-back against the US

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

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

• 1.1271, 0.618% of 2021-2022 fall and July 1.1276 2023 high first resistance

• Thursday's 1.0943 low then Monday's 1.0880 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.)

Source:
London Stock Exchange Group | Thomson Reuters

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