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EURUSD News

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Last Updated Date: 6 April 2022 @ 6:18 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Wednesday morning in Asia, slowly heading towards its highest level in nearly two years. The U.S currency jumped overnight over hawkish comments from U.S. Federal Reserve policymakers, while the euro was down as the West mulls further sanctions on Russia. 

The EURUSD market is showing a bear downturn and potential for a selling wave to 1.0848 as well as potential to 1.0805. A drop through 1.0830 will foster continuation selloffs today. Any congestion under yesterday’s range high will keep the market setup in a bear flag. Trade must post a close over 1.1054 (SAR) to reverse out of the current downturn.
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