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EUR/USD - The road to the 1.20 area is open - KBC

FXStreet (Barcelona) - The Research Team at KBC view a long term bullish trend for the dollar and mention a moderate profit taking in the morning.

Key Quotes

“From a technical point of view, the break below 1.25 opens the way to the 1.2043/1.1877 key support area (July 2012 low/Crisis low June 2010). We think that those levels are feasible. Strong USD data might help to go that way. One note of caution, there is quite a big consensus among analysts and investors on the USD trend. If the news flow would deviate from the expected script, a correction is possible. Even so we don’t expect such a correction, if any, to really change the trend.”

USD/JPY testing 114.00

The US dollar extends its offered tone after the start of the European session on Monday, dragging USD/JPY back to the boundaries of 114.00 the figure...
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USD/JPY – divergence of the daily RSI points to near term weakness – Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank suggests the pair to dive to retrace to 110.67 levels if the pair dives below 112, but keeps the longer term target at 123.
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