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Forex: EUR/USD glued at 1.2925/30

FXstreet.com (Barcelona) - The bloc currency keeps the upper end of the post-ECB rally on Friday, hovering over 1.2925/30 ahead of the Non-farm Payrolls, Unemployment Rate and Trade Balance figures in the US economy due later.

“The euro's rally after touching new lows for the year yesterday seemed to be largely a product of plays against the yen rather than something particularly inspiring from ECB President Draghi. The revelation of an extensive rates discussion, the more dour economic assessment, and the pledge to watch developments closely combine to raise the odds of a repo rate cut as early as next month”, assessed analysts at Brown Brothers Harriman.

As of writing, the cross is down 0.04% at 1.2930 and a violation of 1.2893 (MA200d0 would then target 1.2849 (MA10d) en route to 1.2747 (low Apr.4).
On the upside, resistance levels line up at 1.2949 (high Apr.4) followed by 1.3050 (high Mar.25) and finally 1.3107 (high Mar.15).

Forex: GBP/JPY erases gains to trade at 146.43/46

Following a retreat off overnight highs at 147.91, the GBP/JPY has now pared its gains and fallen into negative territory during European trading Friday. With the loss of the 147.00 level, the pair now trades at 146.43/46, en route to a -0.19% loss in these moments.
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Forex: AUD/USD down ahead of US employment

The greenback is holding the cards today, keeping the AUD/USD biased to the downside. After a test of the support at 1.0400 psychological level, the cross retraced its losses up to 1.0438 but failed to hold and got back to “red”. As of writing, the market is down at 1.0411 and awaits the US nonfarm payrolls report.
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