honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD rallied with a wide range and closed near the high of the day, in addition managed to close above Tuesday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0650 (support), a daily support at 1.0622, the 10-day moving average at 1.0622 (support) a daily support at 1.0527 and other daily support at 1.0462.
The currency pair is trading above the 10 and the 50-day moving averages that should provide dynamic support but continues to trade below the 200-day moving average that should act as dynamic resistance.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, other daily resistance at 1.0713, the 50-day moving average at 1.0650 (support), a daily support at 1.0622, the 10-day moving average at 1.0622 (support) a daily support at 1.0527 and other daily support at 1.0462.