honeill
Sergeant
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On the last Friday’s session, the EURUSD initially tried to rise but found enough resistance near 1.2576 to erase all of its gains and push downward, closing near the low of the day, in addition managed to close below Thursday’s low, which suggests a strong bearish momentum.
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2754, other daily resistance at 1.2576, daily support at 1.2432, the 10-day moving average at 1.2356 (support), a daily support at 1.2287 and daily support at 1.2115.
The currency pair is trading above the 10, the 50 and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2754, other daily resistance at 1.2576, daily support at 1.2432, the 10-day moving average at 1.2356 (support), a daily support at 1.2287 and daily support at 1.2115.