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EURUSD News

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Last Updated Date: 10 May 2022 @ 6:35 AM (UTC)
*Please note that all the dates are in GMT time zone

The market is rebounding off key 1.0495 support and yesterday’s thrust higher suggests an initial upturn from corrections. Trade is poised for rallies. A close over 1.0600 should spark trending moves to attack beyond the 1.0671 swing high. A close under 1.0482 is needed to turn trend forces down.

Resistance 2      1.0600
Resistance 1      1.0580

 
Support 1           1.0520
Support 2           1.0501


 
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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.