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Forex: EUR/USD dips to 1.3050

FXstreet.com (Barcelona) - The shared currency slid to the boundaries of 1.3050 on Tuesday, despite the Italian trade balance posted a surplus of €1.086 billion in February, exceeding January’s deficit of €1.614 billion.

Next on tap will be the Spanish auction of 6-month Letras ahead of the key ZEW Survey in Germany, where the Economic Sentiment component is expected to drop to 42.0 in April from 48.5 in the previous month.

EUR/USD is now up 0.12% at 1.3053 with the next hurdle at 1.3150 (high Apr.15) ahead of 1.3152 (MA100d) and then 1.3163 (high Feb.28).
On the flip side, a breakdown of 1.3027 (MA10d) would target 1.3006 (low Apr.9) en route to 1.2963 (low Apr.8).

Forex Flash: EUR/USD sheltered from worst of recent risk-off contagion - OCBC Bank

Emmanuel Ng of OCBC Bank notes that with EUR/USD sheltered somewhat from the worst of any Risk-Off contagion in the current episode.
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Forex: EUR/JPY taking profit from 128.00 ahead of EMU sentiment and CPI

The EUR/JPY is at gains today, retracing yesterday’s losses that found a low at the 125.00 line. Today’s strength, based on both Yen weakness and EUR upside, has moved the cross to test the 128.00 handle on the European opening, where it failed to breach above. The market is currently easing to 127.30 area ahead of EMU ZEW survey and CPI data.
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