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Forex Flash: EUR/GBP potential upside ahead – Commerzbank

FXstreet.com (Barcelona) - After dipping to the boundaries of the key support at 0.8500, the pair bounced more than 50 pips propped up by a rising buying interest in the single currency and sudden weakness around the pound.

“We look for the near term rebound from the 0.8417 low to test the 55 day ma at 0.8581. There is scope for a move to the top of its cloud at 0.8663, where we look for the up move to falter”, suggested Karen Jones, Head of FICC Technical Analysis at the German lender Commerzbank.

Forex: US Dollar Index in session lows

The increasing risk appetite continues to punish the greenback, giving away part of the recent gains and trading now around session lows in the proximities of 82.40/45...
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Forex: GBP/USD rises to test the 1.5340, intra-day high

After rising around 60 pips from the 1.5280 in the American session, the GBP/USD has broken above the 1.5325 level to reach fresh intra-day high at 1.5340. Currently the Cable is trading at 1.5335.
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