EURUSD News

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Last Updated Date: 17 March 2023 @ 7:59 AM (UTC)
*Please note that all the dates are in GMT time zone

Most Asian currencies rose sharply on Friday amid easing fears of a global banking crisis, while the dollar retreated as markets also bet that the Federal Reserve will soften its hawkish stance to prevent more economic pain.

The EURUSD market is trying to reverse out of last days corrective setbacks and renew up trending trade. A close over 1.0705 should boost rallies to challenge back against last week’s swing high 1.0760. If trade struggles to close over 1.0686 today - Friday, then suspect a slide back against 1.0551 support to test for a bear turnover and declines along 1.0479.
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