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EUR/USD stuck in the 1.2575 region
FITITOL--> FXstreet.com (Barcelona) - The single currency is trading around the 1.2575 on Friday, up more than 1% and one big figure after the positive announcements at the EU Summit.Mixed bag of results in the euro zone has not dented todayâs EUR performance, as German retail sales have contracted 1.1% during May, France GDP growth was flat during the first quarter and the flash inflation figures in the euro bloc rose 2.4%, matching forecasts.
Ahead in the day PCE, Chicago PMI and Michigan Consumer Sentiment Index are due across the pond.
EUR/USD is now advancing 1.10% at 1.2584 with the next resistance at 1.2698 (Upper Bollinger) followed by 1.2708 (high Jun.21) then 1.2744 and 1.2748 (high Jun.18).
On the downside, a dip below 1.2556 (MA10d) would bring 1.2543 (MA21d) then 1.2432 (hourly low Jun.29) and 1.2393 (Lower Bollinger).
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