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EURUSD News

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Last Updated Date: 12 March 2021 @ 7:11 AM (UTC)
*Please note that all the dates are in GMT time zone

The U.S. dollar climbed from a near one-week low on Friday as bond yields inched higher, but it looked set for its first weekly fall in three against a basket of its major rivals as riskier currencies drew support from calmer market sentiment.

The market is back to a short term bear setup with the prevailing bear trend of previous week calling for an attack under the 1.1915 swing low. A close under 1.1915 projects a larger bear wave to 1.1835. The reluctance to stay under 1.1930 hints for rebounding action. Trade needs a close over 1.2000 to renew a bottoming formation.

Resistance 2       1.2030
Resistance 1       1.2010

 
Support 1            1.1963
Support 2            1.1943


 
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