EURUSD today’s outlook and further possibility

The interest rate decision -BOE kept rates Unchanged at 0.75%
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German IFO  survey Dept in line with the recent Z E W and PMI figures , Euro area has been bounded with many uncertainty.

 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


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