EURUSD News

(4 votes)


Last Updated Date: 28 May 2021 @ 6:05 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Friday morning in Asia ahead of the release of U.S. inflation data. The British pound was down, but a near three-month high, as expectations that the Bank of England could hike its interest rate earlier than planned grow.

The market is showing a bear downturn and potential for a selling wave to 1.2151 as well as potential to 1.2110. A drop through 1.2150 will foster continuation selloffs today. Any congestion under Thursday’s range high will keep the market setup in a bear flag.

Resistance 2       1.2230
Resistance 1       1.2210
 

Support 1            1.2170
Support 2            1.2151


 
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