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EURUSD News

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Last Updated Date: 24 August 2021 @ 6:06 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Tuesday morning in Asia after its sharpest one-day fall since May 2021. However, investors kept moves small ahead of a U.S. Federal Reserve symposium that could herald the beginning of asset tapering and interest rate hikes.

The EURUSD major trend is Down. But the market is showing a short term upturn attacking the 1.1783 retracement resistance. A close over 1.1790 alerts for a larger emerging up drive to 1.1835. Any corrective dips will likely holding off the 1.1730 area. Only a close under 1.1701 signals a reversal of the upturn.

Resistance 2      1.1784
Resistance 1      1.1763

 
Support 1           1.1721
Support 2           1.1701


 
 
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