The dollar was down on Tuesday morning in Asia, with a triple menace of retreating yields, disappointing U.S. economic data and a drop in safe-haven demand dampening investor sentiment. Even an overnight tech rally in U.S. markets could not convince investors to give up their bearish positions.

The EURUSD market continues to unfold a bull flag upturn and suggests advances over the next several days to reach for 1.1920 - 1.1950. Near term trade may stay in flagging congestion, but a close under 1.1828 is needed to signal a reversing turn back to lower levels.

R2          1.1922
R1          1.1890

 
S1          1.1850
S2          1.1828