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EUR/USD: Euro should test resistance at 1.3553 this month, says Mizuho

FXstreet.com (Barcelona) ? The Euro has reached a 1-month high at 1.3435 on its recovery from 1.2985 low on April 28, and, according tio Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, the pair could continue climbing during the current month.Elliot advances that the Euro could test 1.3553 level later in May: ?Slow work last month as the Euro holds in a ?flag? formation. It is trying to break higher and should test trendline resistance and the 26-week moving

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Forex: USD/JPY: The Dollar could attempt to set a new high next month, says Mizuho

FXstreet.com (Barcelona) ? The USD/JPY rose to a five month high at 100.45 on April the 6th, to drop back again to levels above 98.00, and according to Nicole Elliott, senior technical analyst at Mizuho Corporate Bank, the pair, while expected to remain moving broadly sideways, could attempt to set another interim high next month.Elliott, convinced that the USD/JPY will remain sideways for the most part of the current year, affirms that the current decline is part of a corrective

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Forex: GBP/USD jumps up to post 1.6430 as 7-month high

FXstreet.com (Barcelona) - The Sterling has risen an strong pace today's session against the Dollar and the pair is reaching new 7-month highs continuously. In the day, GBP/USD has risen 1.60% from the 1.6180 to break 1.6250 in the Asian session and reach 1.6430 as new 7-month high. Currently the pair is trading around 1.6405/15 fighting to consolidate positions above 1.6400 level.Raivis Zile, analyst at Dukascopy Swiss FX Group, affirms that dollar is felling on the board as recent steady

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USD/CHF capped its recovering at 1.0600 after testing 5-month low at 1.0620

FXstreet.com (Barcelona) - The USD/CHF's recovery after testing 1.0620, 5-month low posted in January 2, has been capped at 1.0700 and the pair has been rejected to trade close to 1.0650 level. Currently the pair is trading around 1.0655/65, 0.13% below today's opening price.In the early European session, USD/CHF fell from the 1.0700 resistance level test 1.0620, 5-month low.Valeria Bednarik, FXstreet.com collaborator, affirms that USD/CHF correction could have started early today: Upside correction seems to have started, yet clear break

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