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Forex: EUR/USD smashed by USD/JPY rally

FXstreet.com (Córdoba) - Following a timid recovery, EUR/USD resumed the downside and slumped to fresh weekly lows as the greenback rallies across the board, accomplishing impressive gains versus the yen and the franc.

Even though the pair was initially supported by cross buying, EUR/USD finally surrendered and fell below its post-NFP low, printing a trough of 1.3051. At time of writing, the cross is trading around 1.3055, recording a 0.7% loss on the day.

Immediate support levels now lie up at 1.3030 (low May 2) followed by 1.3000 (psychological level). The 1.3110/15 should hold bounces for now, followed by 1.3175 (daily high).

Forex: GBP/USD falls further and tests the 1.5450 area

After falling around 50 pips from the 1.5500, the GBP/USD has left behind this area with the pair declining to 1.5455, intra-day low. Currently the Cable is trading at 1.5460.
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Forex: AUD/USD breaches 1.0100

The Aussie dollar broke below the key level at 1.0100 on Thursday, as the greenback is intensifying its upside across the board, punishing the risk-associated assets and high-beta currencies....
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