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Forex: EUR/USD extends gains into the NY open

The shared currency has extended gains versus the dollar, breaking this week's range to the upside, despite the negative opening in Wall Street. EUR/USD rose to its highest level since the post-NFP sell-off amid reports of real money buying euro crosses.

At time of writing, EUR/USD is trading around 1.3065, 0.2% above its opening price, having hit a high of 1.3074 in recent dealings.

"The pair has a static resistance level around 1.3070, so once above, there's room for further upside, towards the 1.3110 area daily descendant trend line coming from 1.3710", says Valeria Bednarik, chief analyst at FXstreet.com.

Bednarik locates next resistances at 1.3120 and 1.3160, while she sees supports at 1.3020, 1.2980 and 1.2950.

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The sterling is trading in the negative ground once again, as any upside attempt remains capped by the key resistance at 1.4900 so far. Horrible UK data from the industrial and manufacturing production this early morning...
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