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EURUSD News

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Last Updated Date: 8 March 2021 @ 7:57 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar hovered near three-month highs on Monday after the U.S. Senate passage of a bumper stimulus bill sparked another sell-off in the bond market, while currencies of major commodity exporters pulled back as a broader risk-on trade lost momentum.

The market posture is negative. The slide back through last Friday’s reversal leaves trade positioned to continue attacking under 1.1811. A close under 1.1811 projects to 1.1714. Any near term rebounds will find resistance at 1.1955. A close over 1.2037 (SAR)  is needed to recapture bottoming / bullish trade action.

Resistance 2        1.1955
Resistance 1        1.1937
 

Support 1             1.1890
Support 2             1.1870


 
 
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