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EURUSD News

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Last Updated Date: 17 March 2022 @ 8:28 AM (UTC)
*Please note that all the dates are in GMT time zone

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



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