EURUSD News

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Last Updated Date: 14 June 2021 @ 4:41 AM (UTC)
*Please note that all the dates are in GMT time zone

The euro and sterling dipped against the dollar on Friday as investors bet interest rates would stay lower for longer in Europe and Britain while looking ahead to next week's U.S. monetary policy meeting.

The failed test up around the 1.2194 resistance continues a turn back to short term bear trending action. Selloffs after the close has trade poised for a bear day and close under 1.2060 implies a bear wave to 1.1993. Any corrective congestion capped under 1.2130 should bear flag a setup for selloffs. 

Resistance 2       1.2150
Resistance 1       1.2130
  

Support 1            1.2080
Support 2            1.2060



 
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