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Forex: EUR/USD prints fresh session lows sub-1.2850 on the back of broad USD strength

FXstreet.com (Barcelona) - On the back of a broader USD strength move, and lack of news coming from the Eurozone, and actually from anywhere as current Asian session is a nice example of what boring means, EUR/USD is currently printing fresh session lows, last at 1.2845. If we looked at a 4H candlesticks chart, we would see a tiny doji candle with 12 pips distance between lows and highs. That would summarize it all pretty well.

As CMT and FXstreet.com Independent Analyst Fan Yang noted: “EUR/USD barely cracked its 1.2828 low on the week and consolidated in a near-term range roughly between 1.2895 and 1.2827,” the analyst says, adding: “A break below suggests bearish trend continuation with 1.2660-1.2680 in sight; a break above reflects choppy consolidation with an extension above 1.29 to possibly target 1.30,” he suggests.

Fan finds support levels at: 1.2765, 1.2796 and 1.2827, while resistance levels at: 1.2889,1.2920 and 1.2951.

Forex Flash: NZD/USD, exporters keen buyers of NZD dips - BNZ

NZD/USD has just printed fresh 1-month highs shy of 0.84, while “Exporters remain keen buyers of dips in the NZD,” Mike Jones notes, Currency Strategist at BNZ. “That’s the very clear message from our Currency Flows Monitor,” he adds. “We’ve seen consistently strong net NZD buying in our flows over the past month, coinciding with the NZD/USD pullback from 0.8500 to 0.8300,” Mike concludes.
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