Major currencies opened the week with the dollar gapping to the upside. This is not surprising given substantial dollar losses on Friday post-NFP.

Euro gapped 20 pips to the downside and went sideways from there. 50 DMA (~1.0975) is the immediate support level before 100 DMA (~1.0925). 200 DMA near 1.1050 is the first stronger resistance ahead of February 26th high (~1.1070).

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