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    EUR/USD off highs, retreats to 1.1330

    The common currency keeps its buoyant tone today, now taking EUR/USD to the 1.1335/30 band after clinching daily highs around 1.1350.EUR/USD firm on PMIsThe pair is posting moderate gains for the second session in a row and has started to erode the short-term downtrend from 1.1617 (2016 high) currently at 1.1335, amidst a continuation of the risk-on theme ahead of the EU-UK Referendum.Data wise in the euro bloc, advanced PMIs in France have missed expectations, while German prints have come in mixed. Ahead in the session EMU’s PMI is due, followed by US New Home Sales, Initial Claims and Markit’s manufacturing PMI.EUR/USD levels to watchThe pair is now advancing 0.30% at 1.1331 and a break above 1.1386 (high Jun.20) would target 1.1417 (high Jun.9) en route to 1.1466 (high Apr.12). On the other hand, the immediate support aligns at 1.1302 (55-day sma) followed by 1.1262 (20-day sma) and finally 1.1191 (uptrend from 1.0820).


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