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EURUSD News

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Last Updated Date: 16 April 2021 @ 6:19 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Friday morning in Asia but was set to end the week with its worst back-to-back weekly drop in 2021. Treasury yields continued their retreat from more-than-one-year highs as investors increasingly bought into the U.S. Federal Reserve's pledge of continued monetary support.

The EURUSD remains in a bull trend, but caught in a corrective pullback as the market is in the overbought area for 4 consecutive trading days. Closes under 1.1930 and 1.1921 are needed to reverse back to lower levels. 

R2        1.2005
R1        1.1985

 
S1        1.1940
S2        1.1921
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