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EURUSD News

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Last Updated Date: 20 December 2021 @ 7:48 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Monday morning in Asia the U.S. Federal Reserve signaled an earlier interest rate hike of March 2022, while Europe grapples with surging Omicron.

The US Dollar Index that tracks the greenback against a basket of other currencies inched up 0.03% to 96.57.

Key central banks handed down their policy decisions last week, with the Fed turning hawkish in its latest policy decision. The central bank will accelerate its asset tapering program to end in March 2022 and project three quarter-point rate increases in the same year.

 

Friday’s drop leaves a failed test up around the 1.1360 resistance and signals a turn back to short term bear trending action. Trade is poised for selloffs and close under 1.1180 implies a bear wave to 1.1145. Any corrective congestion in the lower half of Thursday’s downturn should bear flag a setup for selloffs.

Resistance 2      1.1277
Resistance 1      1.1256
 

Support 1           1.1211
Support 2           1.1180



 
 
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