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The U.S. Dollar has been under pressure in recent days as several pairs retrace prior/extended losses. Although broad bearish trends remain in force for EUR/USD and GBP/USD both appear likely to experience further reactive or at least re-consolidative activity before their April cyclical lows give way again. However for the time being additional congestion looks likely and given historic oversold readings in Euro terms particularly several weeks may elapse before longer term selling pressure re-surfaces. Looking ahead an extension beneath 1.0000 for EUR/USD and under 1.4000 so far as GBP/USD is concerned would not surprise but the immediate environment has turned neutral. t and at the same time limits their downside scope in Dollar terms.

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Forex Live Quotes

Symbol Bid Ask Time
EUR/USD
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GBP/USD
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USD/JPY
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USD/CAD
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USD/CHF
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GBP/JPY
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AUD/USD
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GBP/AUD
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XAU/USD
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XAG/USD
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