honeill
Sergeant
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On yesterday session, the EURUSD went back and forward without any clear direction although manages to close in the green, near the high of the day, in addition the currency pair closed within Wednesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0742 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0595 (support) and a daily support at 1.0462.
The currency pair is trading above the 50-day moving average that should act as dynamic support plus remains trading below the 10 and 200-day moving averages both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0742 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0595 (support) and a daily support at 1.0462.