EURUSD News

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Last Updated Date: 25 March 2021 @ 7:10 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar hit a fresh four-month high against the euro on Thursday as the U.S. pandemic response continued to outpace Europe's, which has been hobbled by extended lockdowns and delayed vaccine rollouts.

The safe-haven greenback held on to most of a broad two-day advance, which has been fuelled by worries ranging from Europe's third COVID-19 wave and potential U.S. tax hikes to the persistent spectre of inflation.
 

The EURUSD market is short term bearish with trade still suggesting a breakout under the 1.1765 early November low. The formation alerts for washouts near 1.1711. Any corrections will likely hang below last Monday’s inside day 1.1842 and use congestion to bear flag.

Resistance 2       1.1850
Resistance 1       1.1830

 
Support 1            1.1785
Support 2            1.1765


 
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