Yesterday the EURUSD rose again with a narrow range, but this time managed to close near the high of the day, furthermore closed above the previous day range, suggesting a strong bullish momentum.
The pair closed above the 10 and the 50-day moving averages that are acting as dynamic support.
The key levels to watch are: The 200-day moving average at 1.1028 (resistance), the previous swing high at 1.0967 (resistance), the 50-day moving average at 1.0893 (support), the 10-day moving average at 1.0874 (support) and the last swing low at 1.0810 (Support).