Supporting the greenback, several U.S. Federal Reserve policymakers said they would be open to speeding up the tapering of the central bank bond-buying programme if the high rate of inflation held, and move more quickly to raise interest rates, minutes of the Fed Nov. 2-3 policy meeting showed.
As long as the EURUSD pair stays below 1.1237, on a four-hourly basis, we will face 1.1165 as the support level. On the upside, if the price rises above 1.1237, the next resistance level will be at 1.1307
Support : 1.1165 - 1.1114
Resistance : 1.1237 - 1.1307 - 1.1365
25 Nov 21 (Thu)
Important : One Billion Signals will not be liable for any losses sustained while using the services provided on the One Billion Signals application. This application is not a solicitation to trade forex signals, nor is the representation is being made that any account will, or is likely to, achieve profits or losses similar to those discussed on the application. The past performance of any trading system or methodology is not necessarily indicative of future results.
© 2021 One Billion Signals All Rights Reserved