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- EUR/USD remains vulnerable to concerns about trade tensions which are supportive for the dollar, Danske Bank says
EUR/USD remains vulnerable to concerns about trade tensions which are supportive for the dollar, Danske Bank says
EUR/USD trades up 0.2% at 1.1580 in early European trade, though it remains vulnerable to concerns about trade tensions which are supportive for the dollar, Danske Bank says. However, any falls below 1.15 "should be shallow and short lived," even though a break below this level "cannot be ruled out," it says. Concerns over the Italian budget "should not weigh much further" on the euro near term, long positions in the dollar are "stretched," and the euro has solid chart support at 1.15, says Danske Bank
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