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Thomson Reuters
Nov 21 - 03:48 PM
EUR/USD - Shrugs Off Italy Headlines
First appeared on eFXplus on Nov 21 - 01:35 PM
  • EU commission states discipline procedure against Italy should be adopted
  • EUR/USD hit initially as BTP yields rise but yield gains erode
  • Downside miss to US durable goods & U. Of Mich hit the US$ & UST yields
  • Data misses bolster perception that Fed hike path to become less aggressive
  • EUR/USD lifts near 1.1430 then slips below 1.1400 as the US$ bounces
  • Technicals lean bullish, RSIs biased up & 21-DMA supports

chart: Click here

Source:
Thomson Reuters IFR Markets

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