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EURUSD News

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Last Updated Date: 11 October 2021 @ 6:00 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Monday morning in Asia, hitting a two and a half year high versus the yen. Figures from the latest U.S. report did not alter market expectations that the U.S. Federal Reserve will begin asset tapering as soon as November 2021.

The EURUSD larger short/medium term bear trend is Down. We are into a minor correction up. The market pattern still has potential to 1.1530. Trade may try to correct / consolidate declines, but narrow congestion with rallies blunted below 1.1600 will bear flag. A close under 115.30 could resume bear trending to reach under 1.1462. A close over 116.40 reverses out of the downturn.

Resistance 2       1.1610
Resistance 1       1.1590
 

Support 1            1.1550
Support 2            1.1530


 
 
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