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EURUSD News

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Last Updated Date: 15 February 2022 @ 7:56 AM (UTC)
*Please note that all the dates are in GMT time zone

The Euro extended losses to $1.1300 in the third week of February, as investors rush to safe havens as a possibility of a military conflict in Europe increased and as ECB officials brought down expectations of a more hawkish monetary policy stance.


The EURUSD market is short/medium term bearish with trade still suggesting a breakout under the 1.1260 early low. The formation alerts for washouts near 1.1235 - 1.1220. Any corrections will likely hang below Monday’s inside day 1.1369 high and use congestion to bear flag. A close over 1.1369 stops aggressive bear forces. Only a close over 1.1433 (SAR for today) signals a reversing turnaround.

Resistance 2       1.1340
Resistance 1       1.1320

 
Support 1            1.1280
Support 2            1.1260




 

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