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EURUSD News

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Last Updated Date: 29 June 2021 @ 6:05 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was down, but remained below a two-month high, on Tuesday morning in Asia. Investors now await U.S. employment data that could determine when the U.S. Federal Reserve will withdraw its stimulus measures.

Overall the market remains in the bear trend and still within the framework of sideways lower flagging congestion. Corrections that fail to close over 1.1970 keeps the trend bias down. A close under 1.1900 would open up a downturn for a larger bear wave to 1.1802. A close over 1.1960 or pop over 1.1975 reverses out of the downturn and starts a drive to 1.2006.

Resistance 2       1.1960
Resistance 1       1.1940

 
Support 1            1.1900
Support 2            1.1880


 
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