- 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.


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