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Forex: EUR/USD holds above 1.3400

After rallying to fresh highs at the 1.3465 area propelled mainly by crosses, the euro lost steam and retreated against the greenback. However, with the pullback being contained by the 1.3410 zone, the EUR/USD entered in a phase of consolidation as Wall Street indexes opened mixed.

At time of writing, EUR/USD is trading at the 1.3420 zone, where it posts a 0.1% gain on the day, having bounced from a low of 1.3360 and being rejected from a high of 1.3465.

As for technical levels, next resistance is seen at the 1.3460/65 zone, followed by at 1.3500 (psychological level) and 1.3577 (high Feb 7). Once below 1.3410, next supports could be found at 1.3360 (intraday low) and 1.3325 (low Feb 11) ahead of 1.3300 (psychological level).

Forex: USD/JPY breaks through support to trade at 93.86/87

The yen has been the conversation of late amidst conflicting reports surrounding the meaning of the G7 statement earlier today. The USD/JPY plunged nearly 60 pips earlier today during the onset of American trading before rebounding around the 93.70 mark, crashing through support. In recent minutes however, the pair has rebounded slightly and now resides at 93.86/87, down -0.47% on the day.
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American equity markets pull back Tuesday

The US Stock market experienced a slightly negative opening Tuesday following the hoopla surrounding the G7 statement earlier today. Beginning with the indices and composites, the NASDAQ fell -0.08% as it settles in region of 3190.40, up -2.40 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1516.13, descending -0.88 points or -0.05% at the time of writing. Finally, the Dow Jones has moved lower at the opening as well, trading in the zone of 13975.51, presently +0.03% after a marginal climb of +4.27 points.
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