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EURUSD News

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Last Updated Date: 17 June 2021 @ 5:48 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Thursday morning in Asia, rising to its highest level in almost two months. Investors continue to digest the U.S. Federal Reserve's surprisingly hawkish tone its latest policy decision.

The market is short term bearish with trade still suggesting a breakout under the 1.1950 early April low. The formation alerts for washouts near 1.1919. Any corrections will likely hang below 1.2030 and use congestion to bear flag. Only a close over 1.2136 signals a reversing turnaround.

Resistance 2       1.2030
Resistance 1       1.2010

 
Support 1            1.1970
Support 2            1.1950




 
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