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EUR/USD attempts to regain 1.3000

FXstreet.com (Barcelona) - The shared currency attempted to clinch the psychological mark at 1.3000 on Friday, although the intent died off soon after.

“We think that a stab at the 1.3030-1.3040 range in EUR/USD is a distinct possibility in the run-up to next week’s second pass at US Q1 GDP if today’s data seriously disappoint”, commented Strategist Stephen Gallo at BMO, ahead of the US Durable Goods Orders due later. Recall that prior estimates points to a monthly expansion of 1.5% of the headline and 0.5% excluding the Transportation sector.

The pair is now advancing 0.34% at 1.2978 and a surpass of 1.2998 (high may 22) would expose 1.2999 (MA21d) and finally 1.3030 (high May 14). On the downside, a breach of 1.2900 (MA10d) would then target 1.2821 (low May 23) en route to 1.2809 (low May 20).

GBP/USD oscillates around 1.5100

GBP/USD is trading in a range of 40 pips around the 1.5100 level. There are Durable Goods orders on the calendar coming up at 13.30 BST with consensus for a high reading.
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European equities continue the downside Friday

The European markets tracked lower Friday to close out the week, with a further weakness permeating major indices across the continent – in addition, the EUR/USD rallied higher during European trading.
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