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Forex Flash: EUR/USD holds bearish technicals - Nomura

FXstreet.com (Barcelona) - Nomura Strategist Saeed Amen has taken a look at EUR/USD from a purely technical perspective.

He begins by noting that spot is up on the week but he is flipping to a bearish outlook. Looking at his daily chart, he writes, “RSI has reached levels where, in recent weeks, spot has peaked. Also 20D SMA looks like an important resistance on the topside, which has barely been tested. With bandwidth falling, spot is likely to range. Hence, a retracement lower within the range seems most likely. Our target is 1.2900 (above 200D SMA).”

Forex Flash: Next Target in the GBP/USD short squeeze is 1.5200/20 - BBH

After reaching 10-day highs at 1.5175, the GBP/USD has retraced to the 1.5110 level and currently is trading in consolidation mode in a 1.5110/40 range. The pair is trading at 1.5115, 0.21% and the pair is inside a slightly bullish trend according to the Fxstreet.com Forex Studies.
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David Bloom, Head of FX Strategy at HSBC warns investors to be careful of CAD headwinds.
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