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EURUSD News

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Last Updated Date: 12 August 2021 @ 6:19 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar held near a four-month peak against major peers on Thursday after retreating overnight as a cooling in consumer inflation tempered bets for an earlier tightening of U.S. monetary policy.

The market is triggering a short term upturn as a minor correction, looking for attempts to extend way and attack the previous swing high peaking levels. A breakout over the 1.1777 swing high signals a stretch to 1.1830. Minor corrective dips should only last 1-2 days at this stage of the drive and likely fight to rebound from 1.1711. A close under 1.1690 is bearish and suggests a secondary selling wave.

Resistance 2       1.1777
Resistance 1       1.1755

 
Support 1            1.1711
Support 2            1.1690


 
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