EUR/USD has fallen to a fresh yearly low at the start of the week.
The Italy saga has intensified again this week as neither side seems to be willing to come to each other's terms, weakening the sentiment for the EUR.
Talks on Brexit are still in development, however at this point of time having no clear conclusion or direction, this uncertainty weighs further on the currency.
On the other hand, the US dollar has also strengthened with the DXY reaching highs hence we see weakness in the EUR/USD.
As the price has broken through 1.1300, we believe that this pair will still be under pressure, if price stays below that level.
The Italy saga has intensified again this week as neither side seems to be willing to come to each other's terms, weakening the sentiment for the EUR.
Talks on Brexit are still in development, however at this point of time having no clear conclusion or direction, this uncertainty weighs further on the currency.
On the other hand, the US dollar has also strengthened with the DXY reaching highs hence we see weakness in the EUR/USD.
As the price has broken through 1.1300, we believe that this pair will still be under pressure, if price stays below that level.