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EURUSD News

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Last Updated Date: 23 November 2021 @ 7:27 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Tuesday morning in Asia, remaining near a four-and-a-half-year high against the yen. Incumbent U.S. Federal Reserve Chair Jerome Powell’s appointment to a second term increased bets that the U.S. will hike interest rates quicker than expected.

The US Dollar Index Futures that tracks the greenback against a basket of other currencies inched up to 96.573.
 

The EURUSD market is staying contained within a bear flag formation. Stable action over 1.1277 is near term friendly. However, a close over 1.1322 (SAR) is needed to secure a turnaround and launch a drive to higher levels. Yesterday’s drop off warns for a roll back to lower prices. A close under 1.1230 will rekindle bear trending selloffs that will attack under the 1.1144. 

Resistance 2      1.1277
Resistance 1      1.1255
 

Support 1           1.1211
Support 2           1.1190


 
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