FXstreet.com (Edinburgh) – The shared currency keeps the offered tone on Monday, now taking the EUR/USD to test session lows in the area of 1.3515/10.
EUR/USD softer on risk-off trade
Increasing risk aversion is now gathering steam amongst traders, sending the pair to the vicinity of 1.3510. Data wise, Business Climate in France stayed put at 98 for the month of November, while advanced Italian trade surplus widened to €2.9 billion during October. Strategists at UBS remain bearish on the pair, arguing “with bearish conditions intact, any recovery will be limited to resistance at 1.3579. Support is at 1.3400, a break …read more