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Forex: EUR/USD attempts a bounce after EMU CPI

FXstreet.com (Barcelona) - The final inflation figures of the euro area left no room for surprises in April, rising 1.2% over the last twelve months and contracting 0.1% on a monthly basis, banging on estimates. Further data showed that the trade surplus increased to €22.9 billion in March, beating forecasts at €13.0 billion and February’s €10.1 billion. The single currency is picking up pace now, hovering over 1.2870/75 although keeping the red territory.

At the moment the cross is down 0.12% at 1.2869 and a break below 1.2843 (low May 15) would open the door to the psychological mark at 1.2800 and finally 1.2740 (2013 low Apr.14).
On the flip side, resistance barriers are located at 1.2889 (high May 16) followed by 1.2943 (high May 15) and then 1.3002 (MA30d).

Forex: USD/CHF eases below 0.9700 after EMU CPI

The USD/CHF rally was capped at 0.9710 Thursday (session high), following the release of economic data in the EMU, by and large the paramount event of this morning. During European trading, the pair is still positive, operating at +0.38%, despite easing back towards the 0.9683/85 level.
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EUR/GBP – Another quiet day for the pair

EUR/GBP is very range bound, with attempts to a breakout on Wednesday to the top side, supported at 8445 and resisted at 8465 where again the market is testing on the release of EUR GDP that came in line with consensus. The pair ticked up and down again, oscillating in a tight range, so no shakes there yet again.
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