EURUSD News

(4 votes)


Last Updated Date: 16 July 2021 @ 6:23 AM (UTC)
*Please note that all the dates are in GMT time zone

The U.S. dollar advanced on Thursday and Friday, recovering much of the ground lost in the prior session after the head of the Federal Reserve told Congress he saw no need to rush the shift towards tighter post-pandemic monetary policy.

Overall the market remains in the bear trend and still within the framework of sideways lower flagging congestion. Corrections that fail to close over 1.1875 keeps the trend bias down. A close under 1.1770 would open up a downturn for a larger bear wave to 1.1704. A close over 1.1900 reverses out of the downturn. 

Resistance 2       1.1850
Resistance 1       1.1830

 
Support 1            1.1790
Support 2            1.1770


 
 
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