Keep your eye on the U.S. Federal Reserve latest meeting minutes and inflation data today. Both the minutes and the data will be analyzed for clues as to the central bank timeline for asset tapering.
The EURUSD pair is still trading below the 1.1589 main resistance level. As long as the pair stays below 1.1589, on a four-hourly basis, we will follow 1.1507 as the support level. On the upside, if the price rises above 1.1589, the next resistance level will be at 1.1658.
Support : 1.1507– 1.1421 -1.1365
Resistance : 1.1589 – 1.1658– 1.1744
13 Oct 21 (Wed)
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