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EURUSD News

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Last Updated Date: 29 October 2021 @ 5:55 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Friday morning in Asia but remained near its weakest level in a month. A stronger euro, as investors bet on earlier European interest rate hikes, capped gains for U.S. currency.

The EURUSD market remains short term up, but a close over 1.1710 is needed to continue advances. If trade struggles to extend over 1.1690, be prepared for minor setbacks. Any corrective trade should fight to hold inside last Monday’s range to maintain the upside momentum forces of the drive. A close under 1.1605 (SAR) signals for a downturn to test 1.1562.

Resistance 2       1.1710
Resistance 1       1.1690

 
Support 1            1.1650
Support 2            1.1631




 
 
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