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EURo opens flat

After three consecutive weeks of opening gaps - all of them were to the downside - Euro finally opened in regular fashion. To be precise, the pair gapped up two pips but that's a part of normal fluctuations.
The pair just broke below Previous Week Low and May low (1.0819) is the next one in line before 1.08 (Daily Support 1, 00's). On the upside, initial resistance sits between 1.0840 and 1.0860 (High Of Day, 50's, Daily Pivot Point).
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Japanese GDP improves

Final revision to Japanese Q1 GDP was released overnight and it was a pleasant surprise to the upside with the Capital Expenditure also posting a big gain.
GDP (YoY): 3.9% vs. 2.7% expected, 2.4% previous
GDP (QoQ): 1.0% vs. 0.7% expected, 0.6% previous
GDP Capital Expenditure (QoQ): 2.7% vs. 2.3% expected, 0.4% previous
There was minor selling in USD/JPY after the release on the prospect that no additional easing will be required anytime soon. The pair found support at Daily Pivot Point (125.27…
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EURo surges ahead of the ECB meeting

Euro jumped 150 pips yesterday, after details of today's Draghi speech were released to the hedge fund community tick-up in CPI and in anticipation of a deal between Greece and its creditors.
The pair stalled ahead of 1.12 and 61.8% Retracement of May 15th to May 27th decline (1.1219). On the downside, support was found just above the broken Weekly Resistance 2 (1.1130), but the stronger may come in between 1.1075 and 1.1100 (100 DMA, Daily Pivot Point, 38.2% Retracement of yesterday's rally, Mo…
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