By Andrew Spencer — Jun 16 - 07:45 PM
• Steady after closing up 0.1% with the U.S. dollar off 0.1%
• G7 leaders struggle for unity over Trump's Russia comments, tariff policy
• ECB relaxed about euro strength, risk of too low inflation, de Guindos said
• Charts - neutral daily momentum studies, 5, 10 & 21-day moving averages rise
• 21-day Bollinger bands climb - daily charts retain a topside bias
• Thursday's 1.1486 low, then the 1.1372 June 6 base are initial supports
• Last week's 1.1632 2025 high, then 1.1692 Oct 2021 high, first resistance
• Uptrend remains in place while 1.1411 21-DMA holds on the close
• 1.1600 669mln and 1.1625 1.697BLN close significant June 17 strikes
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters