EURUSD News

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Last Updated Date: 31 March 2021 @ 6:39 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Wednesday morning in Asia, rising to a fresh one-year high against the yen over investor bets that fiscal stimulus and an aggressive vaccine rollout will help the U.S. lead a global economic recovery from COVID-19.

Overall the EURUSD market is bearish with a downside breakout likely sending trade to attack a 1.1661 low. A close under 1.1661 will lead to 1.11600. Current corrective rebounds trapped by 1.1755 will maintain bear forces. Just a close over 1.1800 confirms the start of a reversing upturn as a minor correction.

Resistance 2       1.1755
Resistance 1       1.1735

 
Support 1            1.1688
Support 2            1.1661


 

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