The dollar was up on Wednesday morning in Asia, but moves were small as investors await the latest U.S. Federal Reserve policy decision.
The EURUSD market is bearish still and warns for declines against 1.0471 ⇒ 1.0430. Any minor corrective rebounds trapped inside Friday’s downturn will remain setup for selloffs. A rally over 1.0568 voids pressing bear forces. A close over 1.0593 (SAR) highlights a reversing turn to higher levels.
Resistance 2 1.0560
Resistance 1 1.0540
Support 1 1.0490
Support 2 1.0471
Last Updated Date: 4 May 2022 @ 6:40 AM (UTC)
*Please note that all the dates are in GMT time zone
