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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Neutral: In a 1.0500/1.0680 range. There is not much to add as EUR traded in a relatively narrow range of 1.0568/1.0630 yesterday. However, the failure to move above 1.0630 for the second straight day and the subsequent rapid pull-back has resulted in a slight negative undertone. That said, any weakness from here is expected to face solid support at 1.0500. 1.0500 is a rather strong level and a break could lead to a quick move lower to 1.0450/55. On the upside, 1.0630 is likely strong enough to cap any short-term advance, at least for the next 1 to 2 days (next resistance at 1.0680). GBP/USD: Neutral: ... (full story)
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