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EURUSD News

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Last Updated Date: 23 December 2021 @ 7:31 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was down on Thursday morning in Asia as optimism about the global economic outlook whetted investors’ risk appetite. However, the continuous, rapid spread of the omicron COVID-19 variant remains a concern.

The US Dollar Index that tracks the greenback against a basket of other currencies inched down 0.03% to 96.02.  
 

The EURO market is up and yesterday’s push higher suggests an initial upturn from the past week of congestion. A close over 1.1345 should motivate a run beyond 1.1382. Any corrective dips should hold within yesterday’s range to keep bull forces intact. However, a close under 1.1255 (SAR for today) is needed to trigger a flip back to lower levels.

Resistance 2       1.1370
Resistance 1       1.1350

 
Support 1            1.1301
Support 2            1.1280


 
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