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EUR/USD eases from 1.1200 post-US data

EUR/USD remains bid in the upper 1.1100s following another miss in the US calendar.

EUR/USD gains capped near 1.1220

The pair shed some gains at end of the week despite the flash US Consumer Sentiment tracked by the Reuters/Michigan index has come in below expectations for the current month, recording 90.4 vs. 91.5 initially estimated.

The result adds to the previous disappointment from US Retail Sales, collaborating with the swelling selling pressure around the greenback as everything seems to point to a pause in the Fed’s hiking path.

EUR/USD levels to watch

The pair is now up 0.34% at 1.1176 and a break above 1.1236 (high Aug.2) would target 1.1263 (50% Fibo of the May-June down move) en route to 1.1296 (2014-2016 resistance line). On the flip side, the immediate support aligns at 1.1085 (200-day sma) ahead of 1.1043 (low Aug.5) and then 1.0950 (low Jul.25).

GBP/USD faded a bullish spike, erases all of dismal US data-led gains

The GBP/USD pair faded a bullish spike and ran through fresh offers at 1.3035 level to erased majority of its lackluster US economic data led gains. 
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USD/CAD neutral/bullish near term – Scotiabank

In view of Eric Theoret, FX Strategist at Scotiabank, the pair’s stance remains tilted to the neutral/bullish side in the short run. Key Quotes “USD
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