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EURUSD News

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Last Updated Date: 10 August 2021 @ 6:41 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar pushed higher in early European trading Tuesday, as a series of strong jobs releases raised expectations of an early tapering of the U.S. Federal Reserve’s massive monetary stimulus. 

The larger short to medium term bear trend pattern still has potential to 1.1691. Trade may try to correct / consolidate declines, but narrow congestion with rallies blunted below 1.1770 will bear flag. A close under 1.1711 shall resume bear trending to reach under 1.1602 November low.

Resistance 2        1.1780
Resistance 1        1.1760
 

Support 1             1.1711
Support 2             1.1691


 
 
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