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EURUSD News

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Last Updated Date: 11 March 2022 @ 9:07 AM (UTC)
*Please note that all the dates are in GMT time zone

The U.S. dollar edged higher Friday, boosted by strength against the Japanese yen, while the euro pushed higher following the hawkish turn by the European Central Bank. 

Yesterday’s drop leaves a failed test up around the 1.1121 resistance and the weak close near the low signal a turn back to short term bear trending action. Trade is poised for selloffs and close under 1.0940 implies a bear wave back to 1.0805. Any corrective congestion in the lower half of yesterday’s downturn should bear flag a setup for selloffs. A close over 1.1121 is needed to reject yesterday’s downturn.

Resistance 2      1.1024
Resistance 1      1.1004

 
Support 1           1.0961
Support 2           1.0940


 
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