- EUR/USD pared its early loss after hitting 10 –month lows of 1.1510. The pair jumped till 1.15817 at the time of writing. 5-Star Leader Luigi di Maio says he never sought an exit from the euro-zone. Italian bond yield soared more than 1% for the first time since 2014.The political uncertainty in Spain and warning from George Soros also affecting Euro prices. It is currently trading around 1.15751.
- On the higher side, near term major intraday resistance is around 1.1584 (hourly Kijun-Sen) and any break above will take the pair to next level till 1.1640 (55- H EMA)/1.1678 (100- H MA)/1.1729 (200- H MA).Short term bearish invalidation only above 1.2020 (200- day MA).
- The near term support is at 1.1500 and any convincing break below will drag the pair to next level till 1.1400/1.1355.
It is good to sell on rallies around 1.1605-610 with SL around 1.15735 for the TP of 1.1500/1.1400.
