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EURUSD News

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Last Updated Date: 14 April 2021 @ 6:30 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was down on Wednesday morning in Asia to a near three-week low against the euro and the yen, thanks to a larger-than-expected rise in the U.S. consumer price gauge.

The EURUSD market shows a short term bull trend and holds potential for a move to 1.1990. A breakout close beyond 1.12020 could spark rallies. Corrective dips and congestion holding 1.1930 should maintain the bull alignment. As the market is overbought for the last 2 days, we need a close under 1.1885 (SAR) is needed for a short term peaking turn for retracement selloffs.

Resistance 2       1.1990
Resistance 1       1.1970

 
Support 1            1.1921
Support 2            1.1901


 
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