The dollar was down on Thursday morning in Asia. The yen was at a six-year low on the dollar as investors continue to digest a hawkish outlook from the US Federal Reserve that contrasts sharply with that of the Bank of Japan (BOJ).
The EURUSD market is triggering a short term upturn, looking for attempts to extend rallies and attack the previous swing high peaking levels. A breakout over the 1.1077 swing high signals a stretch to 1.1121. Minor corrective dips should only last 1-2 days at this stage of the drive and likely fight to rebound from 1.0990. A close under 1.0930 is bearish and suggests a secondary selling wave.
Resistance 2 1.1077
Resistance 1 1.1055
Support 1 1.1011
Support 2 1.0990
Last Updated Date: 17 March 2022 @ 8:28 AM (UTC)
*Please note that all the dates are in GMT time zone
