EURUSD News

(3 votes)


Last Updated Date: 30 August 2021 @ 6:19 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was down on Monday morning in Asia in the wake of U.S. Federal Reserve Jerome Powell's dovish speech on bond tapering at the Jackson Hole symposium on Friday.

Although the EURUSD went Up to the 1.1800 level and showing 1.1830 as Resistance for today, but overall 
the market is bearish as it is in the overbought area with a downside breakout likely sending trade to attack a 1.1741 - 1.1721 
weekly low, when broken 1.1663. Current corrective rebounds trapped by 1.1830 will maintain bear forces. 

Resistance 2       1.1830
Resistance 1       1.1810
 

Support 1            1.1761
Support 2            1.1741


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