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EURUSD Dips To Fresh Session Lows Amid Likely Italian Govt Collapse

EUR
  • The Euro is coming under some renewed pressure in recent trade and has momentarily dipped below the day's lows at 74 to print 1.0169.
  • The weakness has been prompted following the slew of Italian headlines, which looks more and more likely to leave the Italian government on the cusp of collapse.
  • Undoubtedly an added headwind for the single currency, it may be unlikely to garner very significant follow through ahead of tomorrow’s ECB decision. However, for reference, initial tech support resides at 1.0120, Tuesday’s intra-day low.
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  • The Euro is coming under some renewed pressure in recent trade and has momentarily dipped below the day's lows at 74 to print 1.0169.
  • The weakness has been prompted following the slew of Italian headlines, which looks more and more likely to leave the Italian government on the cusp of collapse.
  • Undoubtedly an added headwind for the single currency, it may be unlikely to garner very significant follow through ahead of tomorrow’s ECB decision. However, for reference, initial tech support resides at 1.0120, Tuesday’s intra-day low.