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EURUSD News

(3 votes)


Last Updated Date: 9 August 2021 @ 5:32 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Monday morning in Asia, climbing towards a four-month high against the euro. Investors are positioning for the U.S. Federal Reserve to begin asset tapering earlier than scheduled thanks to the latest, better-than-expected U.S. jobs report.

The dollar climbed against major peers on Monday, reaching a four-month high versus the euro, as traders positioned for an earlier tapering of Federal Reserve stimulus.


Overall the market is bearish still with a downside breakout likely sending trade to attack a 1.1720 low, then 1.1704. Current corrective rebounds trapped by 1.1790 will maintain bear forces. SAR for today 1.1872.

Resistance 2       1.1800
Resistance 1       1.1780
 

Support 1            1.1740
Support 2            1.1720


 
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