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EURUSD News

(4 votes)


Last Updated Date: 6 May 2021 @ 6:18 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Thursday morning in Asia, remaining just below a two-week high ahead of a U.S. jobs report that could provide further clues on when the U.S. Federal Reserve will start scaling back its unprecedented stimulus measures.

Overall the EURUSD market is bearish with a downside breakout likely sending trade to attack a 1.1959 low. A close under 1.1959 is bearish 1.1900. Corrective rebounds trapped by 1.2040 will maintain bear forces. A close over 1.2069 (SAR) confirms the start of a reversing upturn.
 
Resistance 2       1.2040
Resistance 1       1.2024

 
Support 1            1.1980
Support 2            1.1959



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