honeill
Sergeant
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On the last Friday’s session, the EURUSD initially tried to rally but found enough selling pressure at 1.2493 to trim half of its gains and closed in the middle of the daily range, in addition the currency pair managed to close within Thursday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, a daily support at 1.2287, the 10-day moving average at 1.2330 (support), a daily support at 1.2115 and a daily support at 1.2041.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2576, other daily resistance at 1.2432, a daily support at 1.2287, the 10-day moving average at 1.2330 (support), a daily support at 1.2115 and a daily support at 1.2041.