honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD fell with a wide range and closed near the low of the day, in addition, managed to close below Mondays’ low, which suggests a strong bearish momentum.
The currency pair closed shy below the 10 and 50-day moving averages that should act now as dynamic resistances nonetheless is still trading below the 200-day moving average that should provide a dynamic resistance.
The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1384 (resistance), the 50-day moving average at 1.1362 (resistance), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).
The currency pair closed shy below the 10 and 50-day moving averages that should act now as dynamic resistances nonetheless is still trading below the 200-day moving average that should provide a dynamic resistance.
The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1384 (resistance), the 50-day moving average at 1.1362 (resistance), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).