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EURUSD News

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Last Updated Date: 10 February 2022 @ 7:50 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Thursday morning in Asia, holding a narrow range, while the riskier Australian and New Zealand dollars were near multi-week highs. Investors now turn their attention to the latest U.S. inflation data.

The EURUSD market is trying to start a bear downturn from recent sideways congestion. However, trade needs a close under 1.1380 to touch off bear trending selloffs under the 1.1281 swing low. Yesterday’s spike higher hints for a near term friendly upturn, but the weak close leaves the pattern in congestion. A close over 1.1483 confirms a turnaround and drive to higher levels.

Resistance 2       1.1460
Resistance 1       1.1440

 
Support 1            1.1400
Support 2            1.1380


 
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