EURUSD News

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Last Updated Date: 8 September 2021 @ 6:56 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar rose to a one-week peak against major peers on Wednesday, buoyed by higher Treasury yields and a weaker euro ahead of a European Central Bank policy decision. The euro slipped 0.05% to $1.1836 for the first time since Sept. 2.

This Last week drop off signals a short term turn back to the prevailing bear trend of previous months and should continue to foster an attack under the 1.1800 swing low. A close under 1.1790  projects a larger bear wave to 1.1691. The reluctance to stay under 1.1790 and yesterday’s bounce hints for rebounding action today. Trade needs a close over 1.1909 to renew a bottoming formation.

Resistance 2       1.1877
Resistance 1       1.1858

 
Support 1            1.1811
Support 2            1.1790


 
 
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