Last Updated Date: 10 January 2022 @ 7:36 AM (UTC)
*Please note that all the dates are in GMT time zone
The dollar was up on Monday morning in Asia starting the week strong as investors bet U.S. inflation data and appearances from several U.S. Federal Reserve officials would bolster the case for hiking interest rates.
Prime support at 1.1300- 1.1272 continues to play a crucial role on the daily chart. Overall the EURUSD is bearish. The market is in a trading range down still and a slide back into bear trending and positioned to attack 1.1270 reversal low. A close under 1.1270 projects a larger selling wave to 1.1200 - 1.1186.
Resistance 2 1.1390
Resistance 1 1.1370
Support 1 1.1331
Support 2 1.1300