EURUSD News

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Last Updated Date: 2 March 2021 @ 7:42 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Tuesday morning in Asia, holding its ground against low-yielding peers on bets of a faster economic recovery from COVID-19 and tolerance for higher U.S. bond yields increased.

The EURUSD short/medium term trend bias is down with the pattern still hinting for a drop along 1.1957, testing previous swing lows. Sustained action under 1.1957 
could fuel selloffs  1.1816. Trade should find resistance against 1.2080 to maintain pressing bear forces. 

Resistance 2       1.2090
Resistance 1       1.2070
 

Support 1            1.2023
Support 2            1.2000




 
 
 
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