The dollar held close to a one-year high against a basket of peer currencies on Wednesday amid rising expectations the Federal Reserve will announce a tapering of stimulus next month, potentially following with interest rate hikes by mid-2022.
Focus on the 1.1589 main resistance level in the EURUSD pair. 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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