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Thomson Reuters
May 31 - 02:36 AM
EUR/USD - Italy Simmers, As US/EZ Trade War Fears Resurface
First appeared on eFXplus on May 31 - 12:35 AM
  • Fraction firmer - Cottarelli opened door to possible eurosceptic government
  • If it happens, would buy time & put Italy on market back burner nL5N1T16ZM
  • US expected to put tariffs on steel, aluminium from EU soon
  • Strong EU response likely, increasing the chances of a trade war
  • 1.1600 1.2B, 1.1650 1.5B, 1.1700 2.1B, 1.1720-25 1.8B strikes contain
  • Sustained 1.1690 10 DMA break would suggest downtrend will consolidate

eu2 may 31 Click here

Source:
Thomson Reuters IFR Markets

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