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EURUSD News

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Last Updated Date: 5 August 2022 @ 5:46 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar weakened against most major currencies on Thursday as support from the Federal Reserve's hawkish messaging subsided and investors turned their attention to a hotly anticipated U.S. jobs report. The dollar extended losses following U.S. data that showed the number of Americans filing new claims for unemployment benefits increased last week.
 

The market still retains a short term bear trend bias. However, minor recovery action has lifted the market against key 1.0290 resistance. A close over 1.0290 is needed to secure a short term reversing / bottoming turn, likely sparking a climb to 1.0365. A close under 1.0201 is bearish.

Resistance 2      1.0288
Resistance 1      1.0266

 
Support 1           1.0221
Support 2           1.0201


 



 

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