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Forex: EUR/USD bounces from lows

FXstreet.com (Córdoba) - The euro managed to stabilize around the 1.3100 mark, after a wave of USD buying sent EUR/USD to a low of 1.3084 during the New York session.

The cross however, found buyers around the 21-day SMA and managed to recover some ground, although the bounce has been capped by the 1.3115 area. At time of writing, EUR/USD is trading around 1.3110, where it posts a 0.3% loss on the day.

In terms of technical levels, immediate support levels for EUR/USD could be found at 1.3080 (21-day SMA) and 1.3070 (low May 8), while on the flip side, next resistances are seen at 1.3175 (daily high), 1.3200 (psychological level/high May 8) and 1.3240 (high May 1).

Forex: GBP/USD stable around 1.5500

The sterling gave away all daily gains and submerged into the red territory on Thursday, falling from session highs around 1.5590 to the vicinity of 1.5480, albeit recapturing the 1.55 handle as of writing...
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Forex: USD/JPY consolidates above 99.25

After jumping around 75 pips in the early American session from 98.70 to reach intra-day high at 99.40, the USD/JPY has been trading in consolidation mode just above the 99.25 area. Now the pair is pricing at 99.30.
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