honeill
Sergeant
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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 within Wednesday’s range, which suggests being clearly neutral, neither side is showing control.
The currency pair closed below the 10-day moving average that should provide a dynamic resistance, nonetheless, 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, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1618 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
The currency pair closed below the 10-day moving average that should provide a dynamic resistance, nonetheless, 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, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1618 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).