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EURUSD News

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Last Updated Date: 23 August 2021 @ 7:04 AM (UTC)
*Please note that all the dates are in GMT time zone

The safe-haven dollar retreated from more-than-nine-month highs against major peers on Monday as a bounce in Asian stocks lifted sentiment, despite the continued spread of the Delta coronavirus variant.

Overall the market remains in the bear trend and still within the framework of sideways lower flagging congestion. The slide back through last Friday’s reversal leaves trade positioned to continue attacking under 1.1661. A close under 1.1661 projects to 1.1600. Any near term rebounds will find resistance at 1.1730. A close over 1.1750 is needed to recapture bottoming / uP 
trade action.

Resistance 2      1.1740
Resistance 1      1.1720

 
Support 1           1.1680
Support 2           1.1661


 
 
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