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Dollar under pressure against most rivals - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that the USD remains under pressure against most major currencies on Tuesday, following the news of US air strikes against ISIS in Syria.

Key quotes


"US Yields turned broadly lower fueling the greenback slide across the board, with the EUR/USD surging up to 1.2886 so far, and despite European PMI readings resulted again disappointing."

"Technically, the 4 hours chart shows price barely above a flat 20 SMA and indicators having recovered some ground but still below their midlines, showing no real upward momentum at the time being."

"Nevertheless, as long as above 1.2865 now, the upside is favored towards 1.2920 price zone, next strong resistance."

"A break below mentioned support on the other hand, should see the pair returning to its recent lows around 1.2820, while a break below 1.2810 should see the pair resuming the downside towards 1.2740 price zone."

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