On yesterday session, the EURUSD fell yet again with a narrow range but close in the middle of the daily range, however the currency pair managed to close below Tuesday’s low, which suggests bearish momentum.
The currency pair is trading below the 10 and the 50-day moving averages both should provide dynamic resistance however is still trading above the 200-day moving averages that should provide dynamic support.
The key levels to watch are: the 10-day moving average at 1.1877 (resistance), the 50-day moving average at 1.1865 (resistance), a daily resistance at 1.1829, other daily resistance at 1.1753, a daily support at 1.1720 and a key level at 1.1684 (support).