honeill
Sergeant
- Messages
- 1,126
On yesterday session, the EURUSD dived with a wide range and closed near the low of the day, in addition, managed to close below Tuesdays’ low, which suggests a strong bearish momentum.
The currency pair closed below the 10-day moving average furthermore is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1613 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1544 (resistance) and a daily support at 1.1459 and a 2018 low at 1.1300 (support).
The currency pair closed below the 10-day moving average furthermore is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1613 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1544 (resistance) and a daily support at 1.1459 and a 2018 low at 1.1300 (support).