By the way there are talks on budget deficit target reduction by the Italian governments reducing the 2019 deficit target to 2-2.1%. currently the target is of 2.4%.
daily FX reported that
Italy Tria, Conte, Di Maio and salvini, want to meet at 18:30 GMT in order to discuss the budget. On the back of this, the euro has been deleted from 1.1 330 to highs of 1 1380, while the Bund-BTP spreads drones below 300bps.
Technical aspect for EURUSD
This Is Euro USD chart of 1 hour, it’s indicating that current price movement is channeling downslope. The short term Outlook for this pair