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EURUSD News

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Last Updated Date: 18 March 2021 @ 7:13 AM (UTC)
*Please note that all the dates are in GMT time zone

The U.S. dollar was on the defensive on Thursday after the Federal Reserve signalled it was in no hurry to raise interest rates through all of 2023 even as it saw a swift recovery in the world's largest economy.

Overall the market is bearish with a downside breakout likely sending trade to attack a 1.1928 weekly low. A close under 1.1928 will lead 1.1880. Current corrective rebounds trapped by 1.2000 will maintain bear forces. A close over 1.2030 confirms the start of a reversing upturn.

Resistance 2      1.2017
Resistance 1      1.1997
 

Support 1           1.1957
Support 2           1.1931


 
 
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