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EUR/GBP: Downside held, looking for potenial upside to 0.75 - CB

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank explained that they continue to look for EUR/GBP at 0.7155 or 0.7050 after to hold the downside.

"We look for recovery towards the 55 day ma at 0.7307 short term. The market needs to regain resistance offered by the March peak at 0.7385 and the 0.7408 January to further alleviate downside pressure."

"Only if a rise and daily chart close above the 0.7408 January low were to be made, would we have to allow for further upside towards the 0.7500 region to be seen. Currently we view the low at 0.7015 as an interim low and look for some stabilisation and recovery shortly."

Fed on path to raise rates this year? - Scotiabank

Derek Holt and Dov Zigler, analysts at Scotiabank explained that they think that the Fed wants to commence a hike cycle before year end.
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USD may struggle to regain momentum - BNP Paribas

Daniel Katzive, FX Strategist at BNP Paribas, notes that the USD may struggle to regain its momentum following a very weak set of data releases in the US during Q1.
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