The dollar was down on Wednesday morning in Asia, dropping to its weakest since November 2021 after U.S. Federal Reserve Chairman Jerome Powell’s warning that it could take several months to decide on running down the central bank's $9 trillion balance sheet.
As for today the EURUSD market is triggering a short term upturn, looking for attempts to extend rallies and attack the previous swing high peaking levels. A breakout over the 1.1388 swing high signals a stretch to 1.1432 - 1.1464. Minor corrective dips should only last 1-2 days at this stage of the drive and likely fight to rebound from 1.1341. A close under 1.1311 is bearish and suggests a secondary selling wave.
Resistance 2 1.1400
Resistance 1 1.1386
Support 1 1.1341
Support 2 1.1321