The US dollar was slightly lower on Thursday following a 1% loss the previous day when data showed U.S. inflation was not as hot as anticipated in July, prompting traders to dial back future rate hike expectations by the Federal Reserve.

As long as the EURUSD pair trades below 1.0351, on a four-hourly basis, we will see 1.0083 main support level. On the other hand, if the price goes beyond 1.0351, the resistance level can be seen at 1.0496.

Support: 1.0083
Resistance: 1.0351 -1.0496 - 1.0576

12 Aug 22 (Fri)

03:53 am