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Forex Flash: Gilts look increasingly unattractive following break lower – RBS

According to Dmytro Bondar, a Technical Markets Strategist at RBS, “From safe havens, Gilts look far less attractive, as a break of the recent ranges brought he market to the 114.58 retracement level (50% of 2012 extremes), while the former support of 116.00 has now turned into resistance. The overall bias is for a range of 114.60-116.60 with a possible recovery towards 117.80 if the latter is broken. However, this is unlikely to happen in the near-term. For the next week, we favor a range trade between 114.60 and 116.60. A break of 114.58 triggers a move to 114.00 and 113.14 – an upside break points to recovery towards 117.82.

Forex: EUR/USD with Doji clandlestick on daily and weekly frames

The EUR/USD rose up to as high as 1.3376 after a sudden bidding flow sometime after the US consumer sentiment data release. The pair remains magnetized to the opening price, intending to close the week with both Doji daily and weekly candlesticks. As of writing, the market is trading close to 1.3350.
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Forex Flash: EUR/USD could decline to 1.27 year-end – Scotiabank

The shared currency keeps the negative tone around the mid 1.3300s on Friday, after a failed attempt to break above 1.3375/80...
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