honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD went back and forward without any clear direction but closed in the middle of the daily range, in addition, managed to close above Wednesday’s high, which suggests being a bullish momentum.
The currency pair closed above the 10-day moving average that should provide a dynamic support, however, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753, the 10-day moving average at 1.1685 (support), a key level at 1.1684 (support), a daily support at 1.1555 and other daily support at 1.1460.
The currency pair closed above the 10-day moving average that should provide a dynamic support, however, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829 and a daily resistance at 1.1753, the 10-day moving average at 1.1685 (support), a key level at 1.1684 (support), a daily support at 1.1555 and other daily support at 1.1460.