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EURUSD News

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Last Updated Date: 26 January 2022 @ 8:47 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Wednesday morning in Asia and the Euro was near its weakest in a month versus the safe-haven dollar and Japanese yen. Investors remain concerned about a potential armed conflict in Ukraine, and faster-than-expected U.S. policy decision monetary policy tightening.

Overall the EURUSD market is bearish and after close selloff puts trade into a bear stance, positioned for declines to test under 1.1260. A close under 1.1260 warns for a wash towards the 1.1186 November low. Any congestion trapped inside yesterday’s range will remain aligned for selloffs. SAR for today 1.1350. 

Resistance 2       1.1340
Resistance 1       1.1320
 
Support 1            1.1280
Support 2            1.1260
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