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EURUSD News

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Last Updated Date: 30 April 2021 @ 5:36 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 for a fourth consecutive week of losses, as the U.S. Federal Reserve sticks to its dovish monetary policy.

Being in the overbought area (RSI - STOCHASTICS) for 6 consecutive days, the market is short term negative and suggests a roll down from flagging congestion that will send selloffs to 1.2075. Sustained selloffs under 1.2100 will encourage declines to 1.2075 - 1.2000. Any corrective congestion within Wednesday’s range will keep trade aligned for selloffs.

Resistance 2       1.2160
Resistance 1       1.2140
 

Support 1            1.2100
Support 2            1.2080


 
 
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