That isn’t comforting news for the euro
Merkel also adds that the EU „must be prepared for Brexit talks to end in failure“.
For EUR/USD, support at around 1.1191-00 remains a crucial spot as it has been since 25 June. Break below that and sellers may look towards the low @ 1.1168 next.

European equities down to session lows now
As stocks came back online in European trading earlier, equities tracked lower but have accelerated losses in the past half-hour with the DAX now seen down by 1.5%.

Latest data from the Mortgage Bankers Association for the week ending 26 June 2020
–  -8.7%
– Market index 758.9 vs 77.31 prior
– Purchase index 308.7 vs 312.7 prior
Mortgage activity moderates a little further towards the end of June, with purchases seen slipping a little but still keeping at relatively robust levels. Amid the coronavirus situation starting