Euro-selling strategy, widening Germany-Italy yield spread! ~ euro-selling strategy on November 14 ~

◎Strategy and Holding Positions

Euro Selling Strategy

EUR/USD ”1.1280” New Sell

Stop ”1.1320”

Take profit target ”1.1250” or ”1.1220”

EUR/USD Timeframe Chart

EUR/USD Daily Chart

Italy refused to submit a budget revision.

In response, European reaction and the Italy-Germany yield spread are in focus. The European Commission does not seem to respond immediately, but statements from officials are expected. After re-analyzing Italy’s finances, the Commission willdecide whether to adopt the budget!?　whether to demand another revision!?　whether to impose the first fine!?.

Candlesticks = Italy 10-year yield chart; red dashed line = Germany 10-year yield chart

Today, focus on official statements and the Italy-Germany yield spread.

However, going forward, Italy’s rating will become important. In the recent rating, Italian government bonds remain barely in investment grade.

↓↓↓ For ratings, see below ↓↓↓

Moody’s rating release, Italy downgraded! ~ FX explained, what ratings are ~

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