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Thomson Reuters
May 18 - 08:36 AM
EUR/USD - Italy's Plans Put EUR/USD Back Under Pressure
First appeared on eFXplus on May 18 - 06:20 AM
  • Italian Govt on collision course with EU nR1N1R502H
  • Renewed pressure on EUR/USD which eases to 1.1775 from around 1.1810
  • Close below 76.4% 1.1553-1.2556 @ 1.1790 needed to inspire bears
  • Longer-term support at 1.1710, 38.2% retrace of rise from 1.0340 Jan 2017
  • Strong support expect near 30-day Bollinger 1.1680. Weekly cloud top 1.1675
  • EUR 1.8 bln 1.1800 options to attract if spot near when they expire @ 15GMT

Source:
Thomson Reuters IFR Markets

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