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EURUSD News

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Last Updated Date: 18 February 2022 @ 11:19 AM (UTC)
*Please note that all the dates are in GMT time zone

The U.S. dollar edged lower Friday, with risk sentiment boosted by the news that the U.S. and Russia were set to discuss the Ukraine crisis next week, raising hopes for a diplomatic solution. 

The short term trend remains down, but trade is fighting to hold and rebounded off the 1.1311 target. Market action alerts for a potential bottoming turn. We may see dips around 1.1311, but a close under 1.1311 is needed to renew bear pressures. A close over 1.1390 alerts for a short term bottoming turn.

Resistance 2      1.1397
Resistance 1      1.1377

 
Support 1           1.1337
Support 2           1.1311


 
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