EURUSD News

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Last Updated Date: 2 June 2021 @ 7:46 AM (UTC)
*Please note that all the dates are in GMT time zone

EURUSD: Price action yesterday hints for potential downward correction. A break below Friday's low 1.2125 / 20 will encourage dips at 1.2040 1.1980 at correction levels. Yesterday's daily bearish grabber to be considered wave 2 as double top and Dollar Index DXY might be double bottoming.

A break above 1.2270 for EUR and a break for 89.40 DXY is needed to invalidate the above scenario.
 
A break above 1.2270 or a daily close above 1.2260 hints for further attacks to 1.2330 1.2420/40. 

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