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EURUSD News

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Last Updated Date: 11 March 2021 @ 7:27 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar languished near one-week lows on Thursday after benign data on U.S. consumer prices and a decline in Treasury yields led some investors to trim bets on a rapid acceleration in inflation. The euro was in focus ahead of a European Central Bank meeting later in the day where policymakers are expected to send a message that they will prevent bond yields from rising further and harming the bloc's economic outlook.
 

Being oversold for the last 4 days, the EURUSD is into correction status. The rallies from last days hint for a short term trend shift to the upside. Look for attempts to extend rallies, but trade will need to post a close over 1.1990 to attack the previous swing high peaking levels 1.2030. 

Resistance 2       1.1970
Resistance 1       1.1950

 
Support 1            1.1915
Support 2            1.1900


 
 
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