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EURUSD News

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Last Updated Date: 4 March 2021 @ 7:49 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar inched up on Thursday morning in Asia after hitting a seven-month high against the yen during the previous session. With U.S. Treasuries recording orderly gains and boosting the dollar, U.S. Federal Reserve Chairman Jerome Powell is also due to give a speech later in the day.

Overall the EURUSD market is bearish with a downside breakout likely sending trade to attack a 1.1991 weekly low. A close under 1.1991 is more bearish. Current corrective rebounds trapped by 1.2080 will maintain bear forces. Just a close over 1.2125 (SAR) confirms the start of a reversing upturn.

Resistance 2       1.2100
Resistance 1       1.2081

 
Support 1            1.2035
Support 2            1.2011


 
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