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Pares post German Factory Orders losses to.....>

EURO
EURO: Pares post German Factory Orders losses to print fresh highs of $1.1814,
with added support from EURJPY's move to Y130.00. The EUR remains at elevated
levels with main focus today on Eurozone 2nd estimate of GDP data at 0900GMT,
the q/q figure is not seen changing from its prior q/q growth of 0.4%. EURJPY
resistance seen at Y130.07/10 (Falling rsst Apr24/61.8% Y133.49-124.62), a break
here could see EURUSD accelerate the move to $1.1830/32 (May22 high/Equality
rise from $1.1617). EURCHF comfortably holds above Chf1.1600 and looks to
Chf1.1640/61 (Jun6 high, 200-dma).   

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