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EUR/USD likely to break below 1.3000 within the next days - UBS

FXStreet (Córdoba) - The UBS analyst team thinks EUR/USD likely will break below 1.3100 or even 1.3000 within the next days.

Key Quotes

“The US ISM surprised with a rise to 59 on Tuesday. The survey confirmed the general view of a stronger US economy with healthy gains in the subcomponents of new orders and production”.

“The EUR/USD rate is currently knocking on the support at 1.31 but we think it is likely that this level, or even 1.30 is broken within the next days”.

“Obviously many investors are inclined to wait for the ECB press conference on Thursday before taking larger positions”.

GBP/USD maintains a strong bearish tone - FXStreet

According to FXStreet Chief Analyst Valeria Bednarik GBP/USD remains bearish on Wednesday, despite the positive UK August PMI Services data released in the European morning.
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EUR/GBP approaches 0.8000

The EUR/GBP continues to rise on Wednesday and peaked at 0.7994, reaching the highest price since August 22.
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