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EURUSD News

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Last Updated Date: 15 October 2021 @ 6:32 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was down on Friday morning in Asia, set for its first weekly decline since the start of September. It retreated from a one-year high as investors focus on when the U.S. Federal Reserve will start to hike interest rates.

Yesterday’s reversal / rebound off 1.1549 helps reinforce ideas for a short term trend shift to the upside. Look for attempts to extend rallies. A close over 1.1640 should spark rallies to attack the previous swing high peaking levels. A close under 1.1530 (SAR) is bearish and suggests a selling wave to new lows 1.1640.

Resistance 2       1.1640
Resistance 1       1.1620

 
Support 1            1.1571
Support 2            1.1551



 
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