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Forex Flash: Bunds in focus after upside target reached – RBS

FXstreet.com (Barcelona) - Bunds reached the first target of 146.42, 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, Technical Strategist at RBS, “Oscillators are quite mixed, as a standard RSI shows a negative divergence with net 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 Flash: Problems of banking fragmentation cannot be avoided in Eurozone – UBS

The ECB is constrained by its own mandates on this front and the political calendar is also difficult, but expectations of a shift ahead of implantation can significantly change investors’ perceptions, especially for longer-term asset managers.
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Forex: EUR/USD falters around 1.3040

After another failed attempt to reach 1.3040, the single currency run out of steam and returned to the area of 1.3020/25, as the risk appetite continues to rule the markets....
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