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Forex Flash: GBP/USD loss of 1.5166 will confirm resumption of down move – Commerzbank

FXstreet.com (Barcelona) - Despite the inside day charted yesterday, Commerzbank analysts keep their outlook unchanged. “We continue to view 1.5412/20, the recent high and the 38.2% retracement as an interim high”, wrote analyst Karen Jones. “Loss of the 1.5166 uptrend will add weight to the idea that the market has resumed its down move. Below here will trigger losses to the 1.5028 (the 20th March low)”, she continued, expecting the 61.8% retracement at 1.5052 to hold the initial test. “A break below here is needed to trigger another leg lower to the 1.4832 March low. Longer term we target 1.4229, the 2010 low”, she concluded.

Forex: EUR/USD around 1.3085/90, focus on Italy

The bloc currency is now meandering around 1.3085/90, breaking above the prevailing congestive pattern around 1.3060 on Friday. In the meantime, the third Italian elections have yielded no winners so far, although...
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Forex Flash: Risk appetite permeates markets in dollar sell off – Investec

Risk appetite looks set to continue Friday as the European session looks to build on positive Asian gains. According to the Investec Research Team, “The overall positive tone has been underpinned by a wide dollar sell off”, as seen with the GBP/USD climbing back towards the mid 1.5300’s.
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