EURUSD clinging on to 1.0950 as European equities extend losses

Good demand at 1.0950 is being severely tested by falling equities 8 May

It's been a brief honeymoon for the Macron trade as early euro and equity demand has faded in a matter of hours.

EURUSD has good support/demand at 1.0950 but bids are being nibbled away as CAC40 posts lows of -0.7% after opening +0.2%. DAX down -0.25% after +0.3% opening.

Soc Gen stock on session lows down 3% with Eurozone bank stocks index also down 1%.

All relative I guess given where both EURUSD and equity markets are overall.

Keep an eye on both though .