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Forex Flash: EUR/USD may rebound near term - Commerzbank

Commerzbank analysts believe there may be a near term rebound ahead of further losses after yesterday's reluctance in breaking below 1.3000 and ‘doji’. “Overhead lies a band of resistance at 1.3293/1.3335. This is the location of the 55 day ma, the previous 3 month uptrend and an accelerated downtrend – while capped here the market will remain directly offered”, wrote analyst Karen Jones.
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Forex: GBP/USD around 1.5100, eyes on UK GDP

The sterling is hovering over the key mark at 1.5100 on Wednesday, ahead of the final result of the UK GDP during the last quarter of 2012, expected to contract 0.3% QoQ. Continuing with....
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