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Forex: EUR/USD drops below 1.3000 on US data

FXstreet.com (Barcelona) - The shared currency is now gyrating around the psychological level at 1.3000 after the US Durable Goods Orders contracted markedly in March 5.7% vs. the median at -2.8%. The print also came in lower than February’s increase of 4.3% (revised).

At the moment, the cross is losing 0.07% at 1.2987 and a breakdown of 1.2972 (MA21d) would aim for 1.2963 (low Apr.8) en route to 1.2940 (MA200d).
On the upside, resistance levels line up at 1.3085 (high Apr.23) ahead of 1.3130 (high Apr.19) and then 1.3202 (high Apr.16).

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Forex: EUR/JPY falls to 129.00

The Euro is currently trading lower against the Japanese Yen with the EUR/JPY extending its decline from the intra-day high at 129.80 to test the 129.00 region. The pair has accelerated losses following the abysmal US durable goods orders in March and it has declined around 35 pips in the latest few minutes.
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