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EURUSD News

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Last Updated Date: 24 January 2022 @ 5:43 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Monday morning in Asia, with the U.S. Federal Reserve’s latest policy decision due later in the week.
The Fed will hand down its policy decision on Wednesday, with some investors starting to speculate that it is possible, although unlikely, that the central bank will hike interest rates for the first time since early 2020.

The EURUSD market posture is negative still. The slide back through last Friday’s reversal leaves trade positioned to continue attacking under 1.1300. A close under 1.1300 projects to 1.1234. Any near term rebounds will find resistance at 1.1380 for today. A close over 1.1398 (SAR) is needed to recapture bottoming / bullish trade action. 

Resistance 2       1.1380
Resistance 1       1.1360
 
Support 1            1.1320
Support 2            1.1300

 
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