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EURUSD News

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Last Updated Date: 13 April 2022 @ 9:31 AM (UTC)
*Please note that all the dates are in GMT time zone

The U.S. dollar edged higher in early European trade Wednesday after the release of red-hot inflation data, while the euro traded near a five-week low on fears that the war in Ukraine may continue for some time to come.

Overall the EURUSD market is bearish with a downside breakout likely sending trade to attack a 1.0800, when broken ⇒ 1.0727. Current corrective rebounds trapped by 1.0903 will maintain bear forces. A close over 1.0924 (SAR) confirms the start of a minor correction up, after that the Euro turn Down again below the 1.0700 levels. 

Resistance 2        1.0864
Resistance 1        1.0844

 
Support 1            1.0800
Support 2            1.0780


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