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Thomson Reuters
Jun 02 - 08:36 PM
EUR/USD - German Coalition Struggles, Conciliatory Italy
First appeared on eFXplus on Jun 02 - 07:10 PM
  • Flat after closing +0.4%, on broad USD weakness, as UST yields/risk fell
  • Germany's coalition struggles, as SDP leader quits nL8N239081
  • Conciliatory comments on Italian budget from Econ min Tria nL8N2390CN
  • EU's Moscovici to make proposals to resolve Italian budget nL8N2390CC
  • Bounce leaves neutral momentum studies, negative 5, 10 & 21 DMAs
  • Familiar levels - earlier 1.1159 low and 1.1179 NY high support/resistance

Source:
Thomson Reuters IFR Markets

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