Latest weighing on EURO is the Italian coalition program draft
On the Liveblog earlier I reported about Iran-Eu nuclear pact negotiations not going smoothly, then NK threatening to cancel SK’s summit.
Past few hours it are the 5Star-League coalition program leaks causing a stir. What they’re proposing is:
EUR and risk has come off another leg across the board in the past few hours on this. In the context of Iran/Turkey/Israel/ and the rest of the ME/ NK, I’m feeling pretty confident with the short EURJPY I opened earlier today @ 130.82, which roughly coincides with the bottom of the daily cloud, expected to cap the debates for now.A break under 130.00 should set us up for a retest of the 8th May lows at 129.25 unless a positive surprise would hit the wires.
Another barometer is EURCHF: It’s trading in the previous (SNB?) support zone 1.1835/40 writing this. A break should put doubts in players’ minds, a quick visit at mid 1.17s or even 1.1670 is very possible and could drag EURJPY down in sympathy.
Another barometer is EURCHF: It’s trading in the previous (SNB?) support zone 1.1835/40 writing this. A break should put doubts in players’ minds, a quick visit at mid 1.17s or even 1.1670 is very possible and could drag EURJPY down in sympathy.
EURJPY D1
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