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Forex Flash: Gilts oscillate around support at 116.11 – RBS

Recently, “gilts reached a strong resistance region of 117.00 and opened with a bearish gap, suggesting there will likely be a correction in the near term. The market left gap unfilled, as 115.57 provided a major support. There is also support expected at the 116.11 retracement. The long-term view remains quite constructive, looking for a gradual recovery to 117.50/117.80 amid bullish weekly charts; but a near-term correction to 116.11 looks increasingly likely – a sustained break below 115.57 cancels the L/T bullish view.” notes Dmytro Bondar, a Technical Markets Strategist at RBS.

Forex: EUR/USD dips to lows below 1.3100

The shared currency is intensifying its decline on Thursday, after the IMF informed that it will revise lower the US outlook in case the ‘sequester’ is triggered....
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Forex Flash: EUR/CAD support at 40-day MA holding – TD Securities

The EUR/CAD has been under consolidation. "With support at the 40-day MA holding, and reinforcing the recent range low in the 1.3340/45 area, a modest squeeze up in the cross may be on the cards", wrote analysts Shaun Osborne and Greg Moore, seeing the bull trend momentum weakening, but still constructive for the EUR "and a push through the 40-day signal at 1.3464 should allow for a minor extension of the rebound towards 1.36", they added.
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