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Forex Flash: EUR/USD expected to fail at 1.3150 – Commerzbank

FXstreet.com (Barcelona) - The EUR/USD continues to be expected to fail at 1.3150, an interim peak (Elliott wave count and TD perfection set-up), “and we look for the resumption of the down move”. Commerzbank are, however, unable to rule out another retest of the 1.3150/1.3225 zone prior to the swing lower. “We suspect loss of the 12th April low at 1.5036 should be enough to de-stabilize the chart near term. Intraday the market should then find initial support circa 1.2995/47 and the 200 day ma at 1.2917 en route to the 1.2740 recent low”, wrote analyst Karen Jones, pointing to key support at 1.2679/61 (61.8% Fibonacci retracement of the July-to-January rise and the November 2012 low) and longer term target at 1.2400 and then 1.2042, the 2012 low.

Forex Flash: Time for a reality check - OCBC Bank

Emmanuel Ng of OCBC Bank notes that majors tumbled against the dollar overnight on heightened risk aversion and renewed global growth concerns with the NZD, AUD, and CAD leading the way lower against the USD (and trailing their G10 counterparts).
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Forex Flash: Slowing demand for US assets - Nomura

Nomura strategists note that both equity and fixed income flows into the US weakened.
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