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EURUSD News

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Last Updated Date: 1 February 2022 @ 8:19 AM (UTC)
*Please note that all the dates are in GMT time zone

Technically, in order to get out from the oversold area the EURUSD rose 0.2% to 1.1260 om Tuesday, while the US Dollar edged lower continuing the previous session's hefty lower.

The market continues to extend a bottoming turn and should foster rallies to push against a previous congestion high at 1.1280. Posting a close over 1.1310 signals for a larger emerging bull drive to 1.1360. We may again see minor corrective dips into last week’s upswing, but narrow congestion days holding 1.1200 will bull flag. Only a close under 1.1136 (SAR) rekindles bear trend forces.

Resistance 2      1.1277
Resistance 1      1.1255

 
Support 1           1.1211
Support 2           1.1190


 
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