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EURUSD News

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Last Updated Date: 5 August 2021 @ 6:19 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Thursday morning in Asia, as hawkish comments from the U.S. Federal Reserve increased bets on earlier-than-expected asset tapering and boosted the dollar.

The market is short to medium term bearish with trade still suggesting a breakout under the 1.1751 July low. The formation alerts for washouts near 1.1704. Any corrections will likely hang below 1.1880 high of today and use congestion to bear flag.

Resistance 2       1.1880
Resistance 1       1.1860
 

Support 1            1.1811
Support 2            1.1788


 
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