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Forex pairs in this Article » EUR/USD
FXstreet.com (Córdoba) - The EUR/USD pushed to fresh daily highs at the beginning of the New York session, as the greenback weakened after disappointing US wholesales inventories.

EUR/USD rose beyond 1.2835 and stretched to a fresh daily high of 1.2845 in recent dealings. However, momentum was not strong enough to clear the 100-hour SMA around 1.2850. At time of writing, EUR/USD is trading at 1.2840, where it records a 0.5% gain on Wednesday.

EUR/USD seen bullish in the short term

From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that the EUR/USD remains short term bullish. "However, the lack of buying interest is clearly reflected in bigger time frames, where indicators stand flat around their midlines", Bednarik says. "Steady gains above 1.2840 may favor a correction higher, while a break below 1.2790 will put sellers back in control".

Attention now turns to FOMC Minutes and Bernanke's speech taking place later in the US afternoon.
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