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EURUSD News

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Last Updated Date: 5 March 2021 @ 7:44 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Friday morning in Asia, hovering near three-month highs after U.S. Federal Chairman Jerome Powell stuck firmly to a dovish line even as bond market volatility increased.

Overall the EURUSD market remains in the bear trend and still within the framework of sideways lower flagging congestion. Corrections that fail to close over 1.2080 keeps the trend bias down. A close under 1.1911 would open up a downturn for a larger bear wave to 1.1830 - 1.1750.

Resistance 2       1.2000
Resistance 1       1.1983
 
Support 1            1.1941
Support 2            1.1918



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