Euro shrugs off political turmoil in Italy

Author: Adam Button | Category: News

Author: Adam Button

The euro is at a session high at 1.2941.

EUR/USD is climbing back above its 55-day moving average after holding support at 1.2875.

The main chart feature remains the double top above 1.31 but the rebound can low extended to 1.3000 without encountering any significant resistance.

Italian yields have been a driver today — they are much higher but 10 bps below the 4.90% high.

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