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EURUSD News

(4 votes)


Last Updated Date: 11 May 2021 @ 6:54 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Tuesday morning in Asia, but gains were capped by expectations that already-surging commodity prices will rise further.

The EURUSD market is short term bullish with rallies at a target level around 1.2170. A close over 1.2170 is bullish and could launch some type of blow off to 1.2243. However, suspect a pullback up near 1.2101. Near term corrective action holding over 1.2080 should keep trade aligned for rallies. Closes under 1.2040 and 1.2020 are bearish.

Resistance 2       1.2170
Resistance 1       1.2150

 
Support 1            1.2101
Support 2            1.2080


 
 
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