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Dollar dumped, bullish on EUR and GBP – Littlefish FX

FXStreet (Barcelona) - Analysts at Littlefish FX, give the outlook for Forex majors, maintaining a bullish outlook on EUR/USD and GBP/USD as dollar softness continues after the disappointing US retail sales data.

Key Quotes

“EUR: Bulls now target descending trendline resistance at 1.1550”

“GBP: Bulls target 1.58 and the equality target at the the psych 1.60 level”

“JPY: Failure at near term 119.50 support suggests another retreat back to range lows.”

“CAD: Bears target 118 next”

“AUD: Former resistance at .8050 to act as support for next leg higher targeting .8250 offers”

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