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EURUSD News

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Last Updated Date: 28 June 2021 @ 5:27 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar held firm on Monday as investor focus shifted to the U.S. labour market, following softer-than-expected inflation data last week that has done little to soothe concerns about the Federal Reserve dialling down its monetary stimulus.

Overall the market is bearish, but the reversal rebounds at the end of last week hint for retracements to test 1.1970 resistance. A close over 1.1950 is short term bullish and should promote rallies to 1.2006. A close under 1.1881 could send selloffs to test last week’s low and 1.1847. 


Resistance 2       1.1970
Resistance 1       1.1950

 
Support 1            1.1911
Support 2            1.1888


 
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