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EURUSD News

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Last Updated Date: 7 December 2021 @ 11:25 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Tuesday morning in Asia as concerns about the omicron COVID 19 variant started receding. The US Dollar Index Futures that tracks the greenback against a basket of other currencies inched down 0.09% to 96.245.
 

Overall the EURUSD market is bearish with a downside breakout likely sending trade to attack a 1.1241 weekly low. A close under 1.1230 is bearish ⇒ 1.1186 - 1.1130. Current corrective rebounds trapped by 1.1333 will maintain bear forces. However, a punch over last week’s high alerts for a possible flip to bottoming trade. A close over 1.1382 confirms the start of a reversing upturn.

Resistance 2      1.1330
Resistance 1      1.1310
 

Support 1           1.1260
Support 2           1.1241



 


 

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