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EUR/USD buyers could defend SMA crossover

The advance in EUR/USD prompted its 100-hr SMA to cross above the slower 200-hr SMA.

The low prices printed on hourly charts are at a converging distance to the “Golden Cross”. This price level is likely to underpin the EUR/USD rate as buyers find support at the confluence. The risk scenario is set once a close beyond the 200 SMA is printed.

GBP/USD targets 1.2776 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, Cable’s down move could be over, shifting the focus on a potential test of the
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USD outlook stays positive – Westpac

In opinion of Richard Franulovich, Chief Currency Strategist at Westpac, the outlook for the greenback still remains positive. Key Quotes “The USD i
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