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Forex: EUR/USD hovering over 1.2950/55

After a failed attempt to break above 1.2980 overnight, the single currency retreated to the current area of 1.2950/55
The sentiment surrounding the euro is now dominated by the pessimism after strong US data dragged the cross to fresh 2013 lows on Wednesday

Next on tap will be the Spanish retail sales, preceding the EMU unemployment rate. Across the pond, the weekly report on the US labor market would be in the limelight ahead of producer prices.

At the moment, the cross is down 0.05% at 1.2954 with the next support at 1.2923 (low Mar.13) ahead of 1.2881 (low Dec.10) and finally 1.2878 (low Dec.7)
On the upside, a breakout of 1.3075 (high Mar.12) would bring 1.3128 (MA100d) and then 1.3135 (high Mar.8).

Forex: EUR/USD, calls for lower lows persist

With derivative contracts expirations around the corner, including monthly currency options this coming Saturday, and US 10 year notes yields still above the 2.00%, last at 2.02%, EUR/USD is currently trading at a stone's throw from yesterday's year low, still pressured on much better than expected yesterday's US retail sales figures. The pair is down so far -0.42% for the week, ahead of plenty of risk events in the nearest term.
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Forex: GBP/USD up around 1.4950

The sterling is extending its correction higher on Thursday, after the post-sales USD rally on Wednesday erased a previous attempt to follow through 1.4980...
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