Societé Generale - "The first Italian exit polls will appear in mid-afternoon local time. The risk for the market is of an inconclusive result as the 5-Star protest party has gained late momentum. Last week EUR/USD broke below its uptrend from last summer (this trendline is now at 1.3250) and if it doesn’t close above that the risk must be of a fresh test of 1.30, January’s low."