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Forex: US Dollar Index eyes 83.00 after sales

The greenback, measured by the US Dollar Index, is inching higher on Wednesday, retracing ground after briefly surpassing the key resistance of 83.00

The USD has sharply appreciated after the US retail sales expanded 1.1% in February, surpassing both expectations and January’s print at +0.5% and +0.2%, respectively.

At the moment, the index is advancing 0.37% at 82.90
According to tradingcentral.com, the next resistance levels line up at 83.15 and 83.30; while support levels await at 82.30, 82.05 and 81.90

Forex: EUR/USD recovers ground but holds below 1.3000

After hitting a fresh 3-month low of 1.2930, weighed by the growing divergence between the US and the eurozone economy, EUR/USD managed to recover ground during the American afternoon as sentiment improved and stocks turned positive in Wall Street.
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Forex: GBP/USD sidelined around 1.4920/25

The sterling is extending a consolidation pattern around the area of 1.4920/25 as we enter the last part of the NA session on Wednesday...
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