The dollar was up on Tuesday morning in Asia, despite edging closer to three-week lows and some investors stubbornly holding onto hopes of large U.S. stimulus measures to prop up the COVID-19 ravaged economy before the Nov. 3 presidential election.

Technically, the EURO MACD is curving Down. The market suggests a turnover, signaling for bear trending selloffs to reach under the 1.767  swing low. A close under Friday’s 1.1757  low will help motivate selloffs. Any corrective recovery action should stay trapped in last week’s range to maintain bear trend signals. However, a close over 1.1831 is needed to start a turnaround.

R2          1.1850
R1          1.1833
 

S1          1.1788
S2          1.1767