EUR/USD Low On Italy’s Political Instability

Today's focus is on Germany Current account and Trade balance, France and Italy Industrial production, and Italy GDP Q3, at 7, 7:45, 9 and 10 GMT respectively.

Quotes are moving bellow the crossing and close 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and calm, MACD is positive and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.

Technical resistance levels: 1.2973 1.3085 1.3210
Technical support levels: 1.2875 1.2760 1.2638