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