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Forex: EUR/USD completely erases daily gains

FXstreet.com (Córdoba) - The euro took another step lower into the end of the American session and dipped back below the 1.2900 mark, erasing completely its daily gains versus the greenback. The US currency received a boost from Fed Williams, who reiterated his view that the Fed could trim accommodation in the next few months.

EUR/USD was rejected from the 1.2930 area, and following a consolidation phase, it recently stretched down to 1.2870. At time of writing, EUR/USD is trading around 1.2875/80, where it is virtually unchanged since opening.

In terms of technical levels, next supports for the cross could be found at 1.2845 (daily low) and 1.2800 (psychological level). On the upside, resistances are seen at 1.2930 (daily high) and 1.2940 (high May 15/100-hour SMA).

Forex: GBP/USD consolidates around 1.5300

After climbing around 100 pips from the 1.5200 area to break above the 1.5300 frontier and reach the intra-day high at 1.5320, the GBP/USD has been trading in consolidation mode between in 1.5295 and 1.5310.
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Forex: USD/JPY jumps above 102.25 on Williams' speech

The USD/JPY is currently trading bullish following the Federal Reserve of San Francisco Chairman Williams that said the QE could be reduced by summer and finished by year-end.
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