Ransquawk

EUR successfully started the new week, as Monday opened with a bullish gap. Unfortunately, the supply used the higher price to begin sell-off and in the afternoon there was no trace of the morning’s growth. The main factor affecting the Euro is, and probably will continue to be is politics. This is primarily about the establishment of a government in Italy, on the weekend the designated candidate resigned from this mission and what is more often said possible is carrying out sooner elections. This raises the fear on the Euro because eurosceptic groups are growing in strength. The weekly chart shows that the falls have already exceeded the correction value from the beginning of last year. It is possible that if nothing happens that strengthens the Euro, the next goal of supply will be a 2-year trend line.

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