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EURUSD News

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Last Updated Date: 11 May 2022 @ 6:30 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar hovered near a two-decade high against major peers on Wednesday, ahead of a key reading on inflation that should provide clues on how aggressive the Federal Reserve will be in tightening monetary policy. (Reuters).

Technically, the EURUSD market is challenging for new highs. A close over 1.0570 is bullish for a move to 1.0630 - 1.0670. However, a close back through 1.0480 is needed to flip the short term trend back down.

Resistance 2      1.0570
Resistance 1      1.0548
 

Support 1           1.0501
Support 2           1.0480



 

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