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Going long on EUR/USD – GrowthAces

FXStreet (Barcelona) - The GrowthAces Research Team maintains its long position on EUR/USD, targeting 1.1000 levels, but also warning of a potential run towards 1.1200.

Key Quotes

“We keep our EUR/USD long position taken at 1.0740. The target is 1.1000. We should realize, however, that the speculative community remains extremely short on the EUR/USD by historical standards and a break above 1.1051, the resistance on March 26, may trigger a short squeeze. That would mean a stronger growth in the EUR/USD rate in the short term. That is why levels even near 1.1200 cannot be excluded next week.”

Russian ruble remains strong, outlook neutral – BBH

According to the research team at BBH, the prospects for the Russian currency remain tilted to the neutral side....
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USD/JPY drops toward 119.00

USD/JPY weakened sharply with the release of US economic data and dropped further after the beginning of the American session moving toward 119.00.
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