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Forex: EUR/GBP moves towards session highs at 0.8544/50

FXstreet.com (Barcelona) - The EUR/GBP has jumped over 20 pips off its lows (0.8522) Tuesday, following the publication of economic data in the EMU and Germany. At the time of writing, the pair has moved higher into positive territory to trade at 0.8544/50, up +0.17%.

According to Research Analyst Gareth Berry at UBS, “Regarding the EUR/GBP, neutrality reigns, as the cross is unwinding the sharp sell-off of March. Resistance is at 0.8560 ahead of 0.8602, while support is at 0.8463 ahead of 0.8410.”

“The EUR/GBP continues to gradually move higher, approaching the 50-days SMA and 0.8575 horizontal resistance. A retest of this resistance could provide an opportunity to short the pair, however the level should remain intact for the bearish continuation chances to remain likely.” notes the ICN.com analyst team.

In the EMU, Consumer Price Index – Core (YoY) has grown +1.5% in March, besting a consensus of +1.4%. Meanwhile, the Consumer Price Index (MoM and YoY) has climbed +1.2% and +1.7% respectively, matching expectations. Finally, in Germany, the ZEW Survey – Economic Sentiment (April) has revealed 36.3, missing projections of 42.0.

Forex: EUR/JPY approaching highs after EMU and Germany data

The EUR/JPY is currently quoting at 127.69 (+1.23% on the day) after finding support 127.20/25 area following a test of the 128.00 handle on the European opening. The cross is climbing back the chart after the release of EMU CPI and the German economic sentiment survey by ZEW.
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Forex: USD/CHF moves back to 0.9300 barrier

The USD/CHF has held fast following the release of several economic indicators across Europe. With this news the pair has remained sideways, trading at the threshold of the 0.9300 level in these moments. Back to this barrier, the cross is once again trading negatively at -0.17%.
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