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EURUSD News

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Last Updated Date: 22 April 2022 @ 6:37 AM (UTC)
*Please note that all the dates are in GMT time zone

The market is trying to work into a bottoming turn. Trade is positioned to push higher and attack last week’s 1.0938 high. A surge over the previous Monday’s high should spark a retracement move to 1.0988. Yesterday’s spike lower with the weak close inject near term defensive pressures, but a close under 1.0801 is the trigger to return trade to bear trending selloffs.

Resistance 2     1.0870
Resistance 1     1.0850

 
Support 1          1.0801
Support 2          1.0780




 
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.