The U.S. dollar index surged to a one-month high on Thursday as Federal Reserve officials spoke of the need for further rate hikes, and investors reevaluated Wednesday's minutes from the U.S. central bank's July meeting as being more hawkish than originally thought.

As long as the EURUSD pair trades below 1.0083, on a four-hourly basis, the selling pressure continues. On the other hand, if the price goes beyond 1.0083, the resistance level can be seen at 1.0351.

Support: 1.0024
Resistance: 1.0083 - 1.0351 -1.0496

19 Aug 22 (Fri)

04:21 am