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Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB
EUR/USD: Neutral: Odds for a move above 1.0870/75 are not high. EUR traded within a tight range yesterday and closed on a weak note. While upward pressure is waning, another attempt to move towards 1.0870/75 (last November’s high) could not be ruled out just yet even though the odds for such a move are not high. On the downside, EUR has to move clearly below 1.0735 to indicate that a short-term top in place and for the start of a pull-back towards 1.0680. GBP/USD: Bullish: To take half-profit at 1.2545/50. The overnight high of 1.2532 did not quite reach the partialprofit taking indicated previously at 1.2545/50. ... (full story)
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