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EURUSD News

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Last Updated Date: 6 August 2021 @ 6:31 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Friday morning in Asia in the run up to the latest US jobs report. The data could see the U.S. tighten its monetary policy earlier than Europe and Japan, where the prospect still remains distant.

Overall the market is bearish with a downside breakout likely sending trade to attack a 1.1780 low, when broken ⇒ 1.1751. Current corrective rebounds trapped by 1.1852 will maintain bear forces. However, a punch over last week’s high alerts for a possible flip to bottoming trade.

Resistance 2       1.1875
Resistance 1       1.1852

 
Support 1            1.1801
Support 2            1.1780


 
 
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