The U.S. dollar hovered below recent peaks on Tuesday, as investors turned to this week's Federal Reserve meeting for clues on the policy outlook, while cryptocurrencies pulled back sharply from an attempt to break out of a monthslong range. The dollar held at $1.1809 per euro in Asia, finding support after a small dip on Monday.
Trade is poised for selloffs and close under 1.1730 implies a bear wave to 1.1704. Any corrective congestion in the lower half of Friday’s downturn should bear flag a setup for selloffs. A close over 1.1830 is needed to reject the downturn.
Resistance 2 1.1844
Resistance 1 1.1824
Support 1 1.1780
Support 2 1.1750