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Forex: EUR/USD rises to test 1.3000

FXstreet.com (San Francisco) - After rising 75 pips from 1.2920 in the last couple of hours, the EUR/USD has tested the 1.3000 area with the pair reaching as high as 1.2995 but retracing to the 1.2970 area. The pair is currently trading at 1.2967.

With 0.70% losses on the day, the EUR/USD is trading in a slightly bullish trend according to the FXstreet.com Forex Studies. CCI and Momentum are bullish while Stochastic is bearish and MACD is neutral.

As supports, a breach of 1.2882 (low Mar.180 would open the door o 1.2878 (low Dec.7) and then 1.2872 (MA200d).
On the flip side, resistance levels line up at 1.3094 (MA21d) ahead of 1.3129 (MA100d) and then 1.3135 (high Mar.8).

Forex: USD/CAD trading negatively at 1.0217/19 amidst jump in crude

The USD/CAD has traded unevenly off of its intraday minimum, which reached the 1.0200 barrier Monday. However, during American trading the pair has managed to recover the mark of 1.0217/19, whilst remaining in negative territory. In these moments the cross is operating -0.10% below its opening.
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Forex Flash: EUR/GBP could edge higher to 0.9400 within 12 months – Goldman Sachs

FX markets remain dominated by offsetting policy forces, which can be described as a non-cooperative Global Exchange rate Mechanism. Within such a regime, much of the market focus has to be on the risk of ‘realignments’, or policy shifts, which have the potential to move a currency to a new level. Such a shift has happened in the Yen already. “Our view is that the risks from current levels are broadly balanced, and this is reflected in our new forecasts, centered around USD/JPY at 95.00.” writes the Economics Research Team at Goldman Sachs.
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