According to FX Strategists at UOB Group, the pair’s near term outlook stays bullish/neutral. Key Quotes “Italian budget negotiations are in focus as market participants assess the risk of a delay to the 2019 budget plan, given conflicting reports on planned deficit targets. 10Y BTP yields are up 5bpts on the day. ECB rate expectations remain steady and German-U.S. yield spreads have narrowed from their extended levels. Measures of implied volatility are rising and lifting the premium for protection against EUR weakness”. “Bullish momentum indicators are fading to neutral and the DMI’s are converging. EUR appears to have found near-term support in the 1.1680-1.1700 area and we would anticipate additional support at 1.1650. We continue to highlight the importance of the 1.1780 level representing the first major retracement (38.2%) of the 2018 decline”. 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 Gold plummets to monthly lows below $1190 as DXY rallies on US data FX Street 4 years According to FX Strategists at UOB Group, the pair's near term outlook stays bullish/neutral. Key Quotes "Italian budget negotiations are in focus as market participants assess the risk of a delay to the 2019 budget plan, given conflicting reports on planned deficit targets. 10Y BTP yields are up 5bpts on the day. ECB rate expectations remain steady and German-U.S. yield spreads have narrowed from their extended levels. Measures of implied volatility are rising and lifting the premium for protection against EUR weakness". "Bullish momentum indicators are fading to neutral and the DMI's are converging. EUR appears to have found near-term… 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.
