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Derived real-time data in partnership with:
Thomson Reuters
Oct 02 - 08:36 PM
EUR/USD - Opens Lower, But Bounces From Key Support
First appeared on eFXplus on Oct 02 - 06:25 PM
  • EUR/USD fell as low as 1.1505 as Italian budget fears intensified
  • Comments from Italian lawmaker about Italy leaving euro added to concerns
  • Italian 10-yr bond yield up 14 BPs to 3.45% - highest in 5 months
  • Support at 61.8 of 1.1301/1.1815 move at 1.1497 held during selloff
  • Subsequent bounce validates the level as key support in the days ahead
  • Resistance at the 55-day MA at 1.1611 and break eases downward pressure

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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