honeill
Sergeant
- Messages
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Yesterday the EURUSD tried to rally but found enough resistance at 1.1295 giving back all its gains back to the market and close in the red near the low of the day with a wide range, creating a shooting star pattern a clear sign of strong bears coming into the market.
Although the currency still managed to close above the 50-day moving average at 1.1171 (Support) and a break below it would suggest a push downward to a daily support at 1.1097.
The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1237 (resistance), 1.1097 daily support and the 200-day moving average at 1.1081 (Support).
Although the currency still managed to close above the 50-day moving average at 1.1171 (Support) and a break below it would suggest a push downward to a daily support at 1.1097.
The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1237 (resistance), 1.1097 daily support and the 200-day moving average at 1.1081 (Support).