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Forex: EUR/SEK dips to lows around 8.3200

The Swedish krona has sharply appreciated against the euro on Tuesday, after consumer prices in the Scandinavian economy posted an annual contraction of 0.2%, banging on estimates albeit below January’s 0.0%.

At the moment, the cross is losing 0.15% at 8.3213 with the next support at 8.2587 (Lower Bollinger) ahead of 8.2100 (low Aug.28 2012) and finally 8.2020 (low Aug.16 2012).
On the upside, a breakout of 8.3400 (high Mar.11) would accelerate the upside to 8.3650 (high Mar.5) en route to 8.3840 (MA14d).

Italy Consumer Price Index (EU Norm) (MoM) decreases 0.2% in Feb and (YoY) grows 2%

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Forex Flash: EUR/USD targets 1.2679/61 short term - Commerzbank

The EUR/USD rebounds remain tepid and blocking the upside is 1.3135, keeping the market directly offered. "Initial support is 1.2914 (55 week ma) and then 1.2885/76 – the 7th December low and 78.6% retracement. These represent the next key supports and break down points. We would allow them to hold the initial test", wrote analyst Karen Jones.
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