The EURUSD market is bearish and positioned for pressing selloffs to 1.0851. Be prepared for an accelerating selloff if trade presses below 1.0805. Any corrections stalling near 1.0988 will keep the market aligned for bear trending. A close over 1.1063 (SAR) is needed to stop pressing bear forces and spark a recovery phase.
Resistance 2 1.0930
Resistance 1 1.0910
Support 1 1.0871
Support 2 1.0851
Last Updated Date: 7 April 2022 @ 5:52 AM (UTC)
*Please note that all the dates are in GMT time zone
The dollar surged to a nearly two-year high on Wednesday after minutes of the last Federal Reserve meeting reinforced expectations of multiple half percentage-point rate increases to control soaring inflation.
