EURUSD News

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Last Updated Date: 23 March 2021 @ 7:25 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar strengthened in early European trading Tuesday, with focus turning towards testimony from Fed chief Jerome Powell and Treasury Secretary Janet Yellen and what this may mean for bond yields. 

The short term trend remains down, but trade is fighting to hold and rebounded off the 1.1890 target. We may see dips around 1.1890, but a close under 1.1885 is needed to renew bear pressures. A close over 1.1977 alerts for a short term bottoming turn.

Resistance 2      1.1970
Resistance 1      1.1950

 
Support 1           1.1920
Support 2           1.1890


 
 
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