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Forex: EUR/USD eyes on 1.3080 ahead of German sales

The single currency recover some ground overnight, climbing from the area around 1.3050 ahead of the German retail sales during January. Prior surveys expect the sales to grow 1.0% on a monthly basis and to contract 1.8% over the last twelve months, both prints representing improvements from December’s reading.

At the moment, the cross is advancing 0.14% at 1.3077 with the next resistance at 1.3163 (high Feb.28) ahead of 1.3170 (hourly cloud top) and then the psychological level at 1.3200
On the flip side, a breach of 1.3047 (Ichimoku cloud base) would aim for 1.3041 (low Feb.27) and finally 1.3018 (low Feb.26).

Forex: GBP/USD above 1.5150; slows down avrg vol

For a second consecutive day, Cable has taken a break during the session in Asia-Pacific, trapped inside a tiny 20 pip-range for the last six hours between 1.5160 and 1.5180, last at 1.5180, just about 10 pips above its previous opening in the region yesterday. The pair thus reduces its average daily volatility, reaching an 8-month peak between last Friday and Tuesday around 135 pips per day on average in their previous 14 trading days.
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United Kingdom Feb Nationwide Housing Prices s.a (MoM) down to 0.2% vs 0.5% in Jan. (YoY) remained flat.

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