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Forex: EUR/USD hovering over 1.3030/35 on Beige Book

FXstreet.com (Barcelona) - The single currency posted no reaction after the Fed published its Beige Book, orbiting around 1.3030/35. According to the release, the US economy expanded at a moderate pace, employment conditions stayed mostly unchanged and price pressures remained subdued.

“Intraday the market should find initial support circa 1.3027/22 and the 200 day ma at 1.2922 en route to the 1.2740 recent low”, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank.

As of writing, the cross is retreating 1.08% at 1.3035 with the next support at 1.3028 (low Apr.16) ahead of 1.3006 (low Apr.9) and then 1.2963 (low Apr.8).
On the upside, resistance levels align at 1.3202 (high Apr.16) ahead of 1.3229 (50% of Feb. -Apr. slide) and finally 1.3319 (high Feb.25).

Forex: EUR/USD touches 1.3000

The euro weakened further versus the dollar and fell to test the 1.3000 psychological level, weighed by strong risk aversion and Weidmann dovish comments. Against this backdrop, the euro lost nearly 200 pips throughout the day as it was rejected from the 1.3200 area during the European session.
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Forex: GBP/USD trades on consolidation mode around 1.5240

After falling around 130 pips from the 1.5350 area throughout the Asian and European session, the GBP/USD found support at the lowest level since April 5th at 1.5215 in the American session. After that, the GBP/USD has been trading in consolidation mode between 1.5230 and 1.5255.
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