The selling mood prevails in the pair for the time being. The greenback stays bid in the vicinity of the 96.00 handle. EMU’s Sentix Index came in below expectations in October. The bearish mood around the European currency remains unabated so far on Monday and is taking EUR/USD to the area of daily lows near 1.1470. EUR/USD weaker on Italy, USD-buying The downtrend in spot appears to have resurfaced at the beginning of the week following a strong pick up in the demand for the greenback and fresh jitters over the Italian front. In fact, Italian stocks are following the downbeat sentiment today, particularly the banking sector, where Unicredit, UBI and Mediobanca all being halted after reaching the limit down. Today’s docket is not helping EUR either, with investor confidence gauged by the Sentix index came in below expectations at 11.4 for the current month and German Industrial Production contracted at a monthly 0.3% in August. EUR/USD levels to watch At the moment, the pair is losing 0.42% at 1.1476 facing the next support at 1.1463 (low Sep.4) seconded by 1.1449 (50% Fibo of the 2017-2018 up move) and finally 1.1299 (2018 low Aug.15). On the flip side, a break above 1.1542 (high Oct.4) would target 1.1591 (10-day SMA) en route to 1.1636 (21-day SMA). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Technical Analysis: Intraday decline finds some support near 50% Fibo. level FX Street 4 years The selling mood prevails in the pair for the time being. The greenback stays bid in the vicinity of the 96.00 handle. EMU's Sentix Index came in below expectations in October. The bearish mood around the European currency remains unabated so far on Monday and is taking EUR/USD to the area of daily lows near 1.1470. EUR/USD weaker on Italy, USD-buying The downtrend in spot appears to have resurfaced at the beginning of the week following a strong pick up in the demand for the greenback and fresh jitters over the Italian front. In fact, Italian stocks are following the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
