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EURUSD News

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Last Updated Date: 10 May 2021 @ 10:00 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar edged lower in early European trade Monday, continuing its weakness after falling to a two-month low on the back of Friday’s disappointing U.S.  jobs report, which pointed to the ultra-low interest rate policy staying in place for some time. 

The market is bullish with last week’s pressing rallies hitting likely target levels up against the 1.2180 levels. A close over 1.2200 will spark additional buying for a run beyond the last high 1.2243. If trade continues to be stopped against 1.2180 be on guard for a flip to corrective setbacks / congestion. A close under 1.2024 signals a topping turnover.

Resistance 2       1.2200
Resistance 1       1.2180

 
Support 1            1.2140
Support 2            1.2118


 

 
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