EURO under Crossfire
Since mid April, the US Dollar has accelerated up vs most currencies on the back of Central Bank policy divergence and related increasing interest rates differentials vs other majors currencies. That said, over the last few weeks, EURO specific downside pressure is adding more fuel to the EUR/USD sell-off (negative economic surprises index since Q1, Italian political crisis). Given, this cumulation of negative dynamics, is a slight rebound in EUR/USD still possible short term? What outlook does the technical analysis give for currencies, commodities and equities?