The euro fell again in today's trading near the two-month lows, ahead of the European Commission meeting on the Italian budget, which may be taking unprecedented decisions to reject the budget and demand changes.
The EURUSD currently trades at 1.1478 after rebounding from a 4-hour uptrend line as well as the Fibonacci retracement 61.8% with the beginning of the European session. Traders had a risk aversion as the Japanese yen, Swiss franc and gold rallied in today's trading.
On the other hand, the Brexit remains unclear, which clearly affects the GBPUSD, which hit its lowest level against the US Dollar since October 4 at 1.2934.
Britain's Prime Minister Theresa May told parliament yesterday that the deal was 95% complete and urged decision makers to support her as the talks go through their most difficult stages, but she still faces a wave of criticism within their party as well as the opposition.
