Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/USD trades higher on easing Italian debt issue, good to buy on dips

  • EURUSD is trading steadily after a minor dip till 1.6138 on lightly easing Italian debt issues.Italian 10 year bond yields has declined more than 10% from the high of 3.26% after  remarks ministers shows that 2019 would remain within European Union rules. The spread between German 10 year bund and Italian 10 year has decreased.
     
  • Markets eye US ADP employment and ISM services data which is to be released today for further direction.
     
  • On the lower side, near term intra day support is around 1.1600 and any break below targets 1.1579/1.1530. It should break below 1.1500 for further bearishness.
     
  • The near term resistance is around 1.1660 and any violation above targets 1.17200/1.174500.

It is good to buy on dips around 1.1615-18 with SL around 1.1570 for the TP of 1.1715/1.17400.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.