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What’s the sentiment around EUR/USD today – OCBC Bank and Commerzbank

FXStreet (Edinburgh) - Positive start of the quarter for EUR/USD so far, recovering the upper end of 1.0700 amidst a softer tone from the greenback.

“After submerging below 1.0800, the pair may remain reluctant towards the upside in the near term, with risks skewed towards 1.0665”, noted Emmanuel Ng, FX Strategist at OCBC Bank.

Axel Rudolph, Senior Technical Analyst at Commerzbank, added the pair “briefly probed the 1.1037/98 resistance area before being rejected by it. It is made up of the March 18 high and the January low. As long as it caps we continue to look for a retest of the base of the 30 year channel located at 1.0573 and the 1.0457 current March low”.

Gold: bullish momentum to emerge beyond $1191.70 – FXStreet

According to FXStreet Editor and Analyst, Dhwani Mehta, XAU/USD might make a run for 1191.70, and a breach above it will confirm bullish momentum for the precious metal.
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AUD/USD targets 0.7335 longer-term – Commerzbank

Axel Rudolph, Analyst at Commerzbank, believes that AUD/USD has based in the short term but still targets lower levels in the longer-term.
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