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EURUSD News

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Last Updated Date: 31 January 2022 @ 7:27 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar held most of last week's gains on Monday but hung just off 18-month highs against major currencies as ebbing market turbulence took some of the bid out of safe-haven assets.

The prospect that investors could see renewed volatility this week remains, however, with key Australian, UK and European central bank meetings taking place in the days ahead.

The euro was at $1.1161, up 0.16%, having fallen to $1.1119 on Friday, its weakest since June 2020.
 

The EURUSD short/medium term trend remains down, but trade is fighting to hold and rebounded off the 1.1120 target. Market action alerts for a potential bottoming turn as the market is overbought during the last 4 trading days . We may see dips around 1.1120, but a close under 1.1100 is needed to renew bear pressures. A close over 1.1236 (SAR) alerts for a short term bottoming turn.

Resistance 2       1.1180
Resistance 1       1.1160

 
Support 1            1.1120
Support 2            1.1100





 


 
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