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Forex: EUR/USD keeps lows after US data

FXstreet.com (Barcelona) - The bloc currency remains in session lows around 1.3120/25 against the buck on Thursday, after the weekly report on the US labour market extended the positive momentum in the sector. In fact, Initial Claims dropped to 323K in the week ended on May 3 vs. the median at 335K and previous 327K (revised).

Next on tap across the pond will be the Wholesale Inventories ahead of a speech by Philadelphia Fed’s Plosser.

At the moment EUR/USD is losing 0.18% at 1.3127 with the immediate support at 1.3111 (MA10d) ahead of 1.3071 (low May 8) and finally 1.3068 (low May 7).
On the flip side, a breakout of 1.3194 (high May 8) would aim for 1.3220 (high May 2) and finally 1.3243 (high May 1).

Forex: EUR/CAD falls to 1.3169/72 after Canadian housing data

The EUR/CAD fell off the 1.3190 handle at the onset of US trading Thursday, taking a tumble of nearly 25 pips on the heels of mixed Canadian data. This move comes on the back end of sporadic trading during the European session. At the time of writing, the pair is now trading at 1.3169/72, in negative territory down -0.13%.
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Forex: GBP/USD erases daily gains

The British pound failed to sustain its BoE inspired gains and after facing resistance at the 1.5585, it slipped back to opening levels.
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