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EURUSD News

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Last Updated Date: 6 September 2021 @ 6:23 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar languished near a one-month low versus major peers on Monday, as investors pushed back expectations for when the Federal Reserve will begin tapering its massive stimulus.

As the EURUSD is in the overbought area for the last 6 consecutive days, correction shall be seen soon. The market has triggered a short term bear downturn, signaling for a drop to 1.1831  and chance for selloffs to test against 1.1788 - 1.1735. A reluctance to extend under 1.1820 will likely prompt near term rebounds, but trade will likely struggle to climb back over 1.1910.

Resistance 2      1.1920
Resistance 1      1.1899
 

Support 1           1.1851
Support 2           1.1831


 
 
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