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
Last Updated Date: 21 March 2022 @ 8:00 AM (UTC)
*Please note that all the dates are in GMT time zone
