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EURUSD News

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Last Updated Date: 16 November 2021 @ 8:18 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Tuesday morning in Asia, while the Euro fell to a 16-month low, as investors await U.S. retail sales data. A strong reading could pressurize the U.S. Federal Reserve to hike rates.

The US Dollar Index that tracks the greenback against a basket of other currencies inched up 0.02% to 95.427. 

The short/medium term trend remains down, opening up potential for a selling wave to reach under the 1.1300 July 2020 low. Trade is poised for selloffs. Any corrections will likely hang in the lower half of yesterday’s selloff. Only a close over 1.1530 signals a reversing turnaround.

Resistance 2      1.1410
Resistance 1      1.1390
 

Support 1           1.1341
Support 2           1.1321


 


 

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