EURUSD News

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Last Updated Date: 7 April 2021 @ 6:13 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar softened to a two-week low against a basket of currencies on Wednesday after U.S. bond yields declined as traders rolled back aggressive expectations that the Federal Reserve will tighten its policy earlier than pledged.
The EURUSD market remains in a bull trend and retains potential for a climb to 1.1920. A pop over Tuesday’s high is friendly. A close over 1.1893 is needed to signal for a strong bull wave to attack beyond the last 1.1988 high. The stall against 1.1900 is prompting near term reactionary setbacks and hints for defensive trade today. Only a close under 1.1767 (SAR) highlights a short term topping turnover.

Resistance 2       1.1920
Resistance 1       1.1893

 
Support 1            1.1853
Support 2            1.1831


 
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