honeill
Sergeant
- Messages
- 1,126
Yesterday the EURUSD plunged with a wide range and closed near the low of the day, in addition managed to close below the previous day range, which suggests a strong bearish momentum.
The pair is trading below the 10 and the 200-day moving averages that are acting as a dynamic resistance and is trading above the 50-day moving average that is acting as dynamic support.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1253 (resistance), the 200-day moving average at 1.1192 (resistance), the 50-day moving average at 1.1134 (support) and a daily support at 1.1097.
The pair is trading below the 10 and the 200-day moving averages that are acting as a dynamic resistance and is trading above the 50-day moving average that is acting as dynamic support.
The key levels to watch are: a daily resistance at 1.1237, the 10-day moving average at 1.1253 (resistance), the 200-day moving average at 1.1192 (resistance), the 50-day moving average at 1.1134 (support) and a daily support at 1.1097.