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Forex: EUR/USD hits fresh highs after strong swing

FXstreet.com (Córdoba) - The EUR/USD has seen wild moves within the last minutes. As soon as it touched the 1.3025 level, weighed by rumors of trouble in French banking, the pair found buyers and bounced sharply toward fresh daily highs.

EUR/USD surpassed the 200-hour SMA and touched a daily high of 1.3087 before finding resistance (at the 100-hour SMA) and returning to the 1.3060 zone, roughly the same level it was before the roller coaster ride started.

The pair is back pressuring daily highs at the 1.3080 zone, where it is 0.4% above its opening price. On the upside, next resistances could be found at 1.3100 and 1.3140, while supports are seen at 1.3025 and 1.3000.

Forex: EUR/JPY makes quick +100 pip bounce to 128.66

A volatility shock was felt in the FX market, affecting most pairs, including the EUR/JPY as it erased its losses and dropped below the 128.00 to print a session low at 127.58, but quickly bounced back up and jumped to 128.66, as of writing.
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Forex Flash: Emerging markets face growth headwinds – Goldman Sachs

In an environment where an increasing number of EMs face binding growth constraints, local stories may continue to dominate price action relative to broad macro drivers. In this context, different policy choices could have varying implications for different asset classes. According to the Economics Research Team at Goldman Sachs, “Unchecked, imbalances could push yields higher, and FX and local equities lower still.”
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