By Andrew Spencer — May 25 - 11:52 PM
• +0.35% at the top of a 1.3510-1.3591 range with the USD -0.3%, EUR/GBP +0.1%
• Trump saying he will delay EU tariffs until July 9 saw the EUR/USD +0.45%
• USD saw broad weakness as the USD was sold amid U.S. policy uncertainty
• Spring Bank Holiday in the UK, Memorial Day in the U.S - illiquid
• Charts- 5, 10, & 21-day, week moving averages rise, momentum studies climb
• 21-day Bollinger bands expand - a positive setup at recent trend highs
• The next major resistance is the 1.3749 2022 high, then the 1.4250 2021 top
• Today's 1.3510 low then Friday's 1.3420 base are the first supports
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters