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EURUSD News

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Last Updated Date: 4 May 2021 @ 5:58 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Tuesday morning in Asia as a surprise slowdown in U.S. manufacturing growth trimmed Investor bets on a booming U.S. economy giving the U.S. currency a boost.

The EURUSD market is sliding back into bear trending and positioned to attack last Friday’s reversal low. A close under 1.2016 projects a larger selling wave to 1.1937. Any corrections trapped inside Monday’s narrow congestion day will maintain bear forces. A close over 1.2109 (SAR) is needed to signal a reversing / bottoming turn.

Resistance 2       1.2100
Resistance 1       1.2084

 
Support 1            1.2040
Support 2            1.2016


 
 
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