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EURUSD News

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Last Updated Date: 20 April 2022 @ 5:21 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was down on Tuesday morning in Asia, hitting a fresh two-decade peak against the yen. U.S. Federal Reserve policymakers pushed for sizeable interest rate hikes, and the Bank of Japan (BOJ) maintained its dovish stance as it intervened in the market again.

The US Dollar Index that tracks the greenback against a basket of other currencies was down 0.25% to 100.715. The index earlier matched Tuesday's high of 101.03, a level last seen in March 2020.
 

The EURUSD market has climbed into a short term upswing and posting a close over 1.0830 implies an extension to 1.0923. Trade may slip into Thursday’s range and consolidate gains, but suspect support under 1.0770 will bounce trade back to positive trade action. 

Resistance 2      1.0830
Resistance 1      1.0810

 
Support 1           1.0761
Support 2           1.0741


 
 
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