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Forex Flash: EUR/USD – 1.2839 last defence before 1.2740 – Commerzbank

FXstreet.com (London) - Commerzbank Analyst, Karen Jones see’s risk to the downside as EUR/USD has moved another leg lower and has already sold off to the next support at 1.2839, the 78.6% retracement of the move from April.

She suggests that this is considered to be the last defence for the 1.2740 recent low and expects intraday rallies are to fail at1.2925/80. If capped there, the market will remain directly offered. She notes that the base of the cloud lies at 1.2934 and is expected to act as additional resistance

Forex Flash: Another busy data for data with weekly jobless claims, April CPI and housing starts, and the Philly Fed index for May

Another busy data for data with weekly jobless claims, April CPI and housing starts, and the Philly Fed index for May.
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