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Forex: EUR/USD on track to 1.3800 - TDS

With currently EUR/USD at fresh session lows 1.3624, TD Securities Toronto based FX Research Team believes that: “The sustained push through short term resistance at 1.3402 (bull flag neckline trigger) keeps EUR/USD on track for a move to 1.3800,” the analysts say, adding: “With short, medium and long-term trend momentum indicators still bullishly aligned, we think there is still quite a bit more to come in this move up."

“There are no signs from price action that the rally is getting stretched,” they continue, expanding: “Rather, another sharp push higher looks more likely as the markets moves to the upper half of the broader bull channel. Our near-term target is 1.3800/50. We spot support at 1.3400,” the Team concludes.

Forex: EUR/AUD retreats from 1.3117 session highs

EUR/AUD is last around session lows at 1.3071, off session highs at 1.3117, touched two times already, and almost same price the cross ended previous week, down so far -0.27% for the day, mostly on the back of Euro weakness. Gold is printing fresh weekly highs above the $1670 handle.
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Spanish PM faces calls to resign; scandal to destabilize Europe's calm waters?

Spanish Prime Minister Mariano Rajoy continues to face growing criticism after the scandal which hit the his party earlier last week, in which allegations were made about illegal payments received by himself and what appear to be a very large list of members from the party he presides.
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