The dollar struggled to recoup heavy overnight losses on Wednesday after it slipped to 27-month low the previous session as uncertainties about an economic recovery and the U.S. fiscal stimulus package weighed.The dollar hit fresh lows against most major currencies overnight as the ongoing effects of the Federal Reserve's stimulus programmes weakened the greenback broadly and lifted U.S. stock indexes to record highs.
Aswritten yesterday; 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 reach today the 1.1970 level. A close under 1.1828 (SAR)  is needed to signal a reversing turn back to lower levels.

R2          1.1970
R1          1.1950

 
S1          1.1901
S2          1.1880