EURUSD News

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Last Updated Date: 13 April 2021 @ 5:51 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Tuesday morning in Asia, but near a three-week low as investors await the U.S. Consumer Price Index (CPI) for March, due later in the day. 

The greenback is trading "choppily" in a $1.17 to $1.20 range versus the euro. It is currently at $1.1904, near its weakest level since Mar. 23.

Boston Federal Reserve Bank President Eric Rosengren also said on Monday that the U.S. economy could see a significant rebound in 2021 thanks to accommodative monetary and fiscal policy, though the labor market still has much room for improvement.

The market is triggering a short term upturn showing new highs for today @ 1.1950. After that the market will suggest a turnover, for bear a trending selloffs to reach under the 1.1870 
swing low. A close under Friday’s 1.1867 low will help motivate selloffs that will lead again to the 1.1762.

Resistance 2       1.1950
Resistance 1       1.1930

 
Support 1            1.1890
Support 2            1.1870


 

 

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