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Forex: EUR/USD falls below the 1.3200 level

FXstreet.com (San Francisco) - After bouncing at 1.3165 following the FOMC unchanged decision, the EUR/USD attempted to trade above the 1.3200 level but the pair was rejected at 1.3220 and currently it is trading at 1.3175.

The EUR/USD is still 0.10% positive on the day but it remains slightly bearish according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are bearish while the Stochastic is neutral in the 15-minute timeframe.

On the upside, a surpass of 1.3319 (high Feb.25) would then target 1.3343 (61.8% of Feb-Apr slide) en route to 1.3456 (high Feb.14). On the flip side, support levels align at 1.3162 (hourly low May 1) followed by 1.3120 (hourly high Apr.30) and finally 1.3052 (MA21d).

Forex: USD/CAD falls to test lows at 1.0050

The US Dollar is currently trading lower against its Canadian counterpart and after falling around 40 pips from 1.0090 the USD/CAD has tested lows since February 15 at 1.0050. Currently the pair is pricing at 1.0075.
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Wall Street falls strong after FOMC

The US stocks market closed lower on Wednesday as investors were disappointed by the Federal Reserve decision decision to remain unchanged in its interest rate and monetary policy. All three major indexes opened May with losses.
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