Last Updated Date: 21 March 2022 @ 8:00 AM (UTC)
*Please note that all the dates are in GMT time zone
The dollar was up on Monday morning in Asia, recording slight gains on the Japanese yen to as much as 119.3 yen and challenging the six-year peak of 119.39 touched on Friday.
The EURUSD reached the 1.1137 high yesterday. Today’s break signals a return to bear trending and calls for selloffs to attack the last swing low, likely extending a break to the 1.1030 - 1.1003 low. A close under 1.0975 is negative. Any corrections trapped under 1.1137 will bear flag. A close over 1.1143 alerts for a reversing turn back to bottoming trade.
Resistance 2 1.1095
Resistance 1 1.1075
Support 1 1.1031
Support 2 1.1001