EURUSD News

(5 votes)


Last Updated Date: 14 May 2021 @ 6:30 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Friday morning in Asia, set to post a weekly gain. Investors are now beginning to assess the risk that U.S. inflation will rise faster and prompt central bank interest rate hikes sooner than expected.

The EURUSD market still retains a short term bear trend bias. However, minor recovery action has lifted the market against key 1.2120 resistance. A close over 1.2120 is needed to secure a short term reversing / bottoming turn, likely sparking a climb to 1.2181. A close under 1.2030 is bearish.

Resistance 2      1.2120
Resistance 1      1.2100
 

Support 1           1.2060
Support 2           1.2040


 
 
Chart

EURUSD Live Price


sell
buy
Daily price range:
Low
High