EURUSD News

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Last Updated Date: 15 March 2021 @ 7:13 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Monday morning in Asia, holding firm after bouncing off a one-week low hit during the previous week. The greenback was supported by a rise in benchmark Treasury yields to more-than-one-year highs as inflation fears continue to persist.

The EURUSD market is showing a bear downturn back and potential for a selling wave to 1.1900 as well as potential to 1.1850 - 1.1840. A drop through 1.1921 will foster continuation selloffs today. Any congestion under Friday’s range high will keep the market setup in a bear flag. Trade must post a close over 1.1990 to reverse out of the current downturn.

Resistance 2       1.1985
Resistance 1       1.1965

 
Support 1            1.1921
Support 2            1.1900



 
 
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