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The cross in the EUR/GBP continues to trade in the upper band of 0.79 handle, unable to take-out 0.80 barrier as the downbeat German factory data along with the EMU services PMI reports keep a check on the upside.

EUR/GBP attempts gains after yester…

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The seasonally adjusted final Markit Germany Services Business Activity Index posted 55.1 in March, little-changed from 55.3 in February.

Key points

The rate of growth in new work slowed since February and was the weakest in five months

The la…

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According to the research team at UOB Group, the EUR’s upside momentum could have lost some traction.

Key Quotes

“EUR is holding on to its recent gains and at this stage, it is still unclear if it can move higher in a sustained manner in the days ahead”.

“A close above 1.1400 is not crucial anymore as short-term momentum has eased off considerably (but not enough to indicate that a short-term top is in place)”.

“Overall, we view the outlook for EUR as positive with solid support at 1.1330 with the 1.1495 October 2015 acting as a key resistance”.

According to the research team at UOB Group, the EUR’s upside momentum could have lost some traction.

Key Quotes

“EUR is holding on to its recen

(Market News Provided by FXstreet)

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Research Team at Danske Bank, suggests that in the US, the most important release today is the ISM non-manufacturing index for March.

Key Quotes

“The index has declined for four consecutive months reflecting the slowdown in the economy, whi…

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