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EURUSD News

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Last Updated Date: 4 August 2021 @ 6:12 AM (UTC)
*Please note that all the dates are in GMT time zone

The U.S. dollar steadied on Tuesday, after having lost value against the Japanese yen and Swiss franc, as questions about slowing U.S. economic growth and the COVID-19 Delta variant challenged risk appetite.

The U.S. dollar dipped below 109 yen, and for a second day gave up as much as 0.4% before recovering half of the day's loss to 109.1 yen. It traded against the Swiss franc as much as 0.3% lower and leveled off with a 0.1% decline for the day. The franc also gained against the euro to its greatest value in nine months.
 

The larger short term bear trend pattern still has potential to 1.1821 - 1.1798. Trade may try to correct / consolidate declines, but narrow congestion with rallies blunted below 1.1890 will bear flag. A close under 1.1821 could resume bear trending to reach under last week’s low ⇒ 1.1754. 

Resistance 2        1.1910
Resistance 1        1.1888

 
Support 1             1.1841
Support 2             1.1821


 
 
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