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Forex: EUR/USD upside capped at 1.2980

The upside of the single currency lost impetus in the vicinity of 1.2980 on Thursday so far, recovering ground after dipping to fresh 2013 lows around 1.2910/15

Against the backdrop of the EU gathering, Analyst Derek Halpenny at BTMU commented, “France and Spain of course are arguing for some easing of targets and although we may get some shift agreed, the German budget would suggest that any shift on fiscal targets will be pretty modest at best. The euro below 1.3000 should find supportive bids for now”.

EUR/USD is now up 0.06% at 1.2969 with the next resistance at 1.3075 (high Mar.12) ahead of 1.3124 (MA21d) and then 1.3127 (MA100d).
On the downside, a breach of 1.2881 (low Dec.10) would open the door to 1.2878 (low Dec.7) and then 1.2847 (Lower Bollinger).

Forex Flash: AUD/NZD in midst of significant week surrounding central banks – Westpac

It has been a very significant week for the AUD/NZD – pricing for the RBA cash rate had already shifted markedly this month, from around -50bp ahead of the RBA meeting to around -26bp before the recent Australian employment data release. At time of writing only about half a rate cut is priced in (-13bp) with an aggressive reaction to the
72K surge in total employment, the largest monthly gain since July 2000.
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Forex Flash: GBP/USD… sell?... buy? – UBS and Commerzbank

The sterling is extending its pronounced correction higher on Thursday, climbing more than one big figure from levels sub 1.4940 to the boundaries of 1.5060...
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