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Forex Flash: Bunds remain passive – RBS

FXstreet.com (Barcelona) - Bunds reached the first target of 146.43, but fell below the next target of 147.00 and formed a dark cloud cover candlestick patter, which changes the view to a neutral for now.

According to Dmytro Bondar, a Technical Strategist at RBS, “Oscillators are quite mixed, as a standard RSI shows a negative divergence with et price action, while slow stochastic remains neutral-to- positive. The 20-day moving average is still providing a major support, which is unlikely to be taken out easily. Overall it changes the view to neutral”

Forex: EUR/USD keeps highs above 1.3060

The prevailing risk-on tone in the markets is propping up the upside in the cross, accelerated by the lack of relevant drivers in the euro zone as well. Ahead in the day, the weekly report on the US...
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Forex: EUR/JPY ranging along the 129 area

The EUR/JPY is ranging between the lower and the upper 129 area today, with a low printed at 129.06 on the European opening and a Asian session high at 129.90 that was retested in mid-European morning after comments made by German Chancellor Merkel. As European investors go for lunch, the FX market gets ready for the NY opening. The cross trades at 129.43.
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