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Flash: EUR/GBP said 0.8591 was on the card - Commerzbank

FXstreet.com (London) - EUR/GBP had advanced to the figure 0.8600 in London trade.

Commerzbank had expected this move and should there be a retest of this level with a daily close above above 0.8637 be made, their medium term forecast will change from neutral to bullish with the 0.8716 early February high being back on the map. Adding, only unexpected failure at the 0.8422 mid-May low will be bearish and target the 2013 support line at 0.8380 and the 2012-13 support line at 0.8336.

Flash: Germany continues to serve critical role in crisis management – Goldman Sachs

General elections will be held in Germany at the end of September and the election campaign is heating up.
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EUR/USD erases gains to trade flat

The shared currency failed to sustain the IFO propelled gains versus the greenback and after hitting a daily high of 1.2993, it lost momentum and pulled back. Better-than-expected US durable goods orders data provided some support for the dollar, which dragged EUR/USD back to its opening levels.
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