honeill
Sergeant
- Messages
- 1,126
On the last Friday’s session the EURUSD fell with a narrow range and closed near the low of the day, although the currency pair managed to close within Thursday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 50-day moving average that should act as dynamic support and closed below the 10-day moving average but remains trading below and 200-day moving average both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0635 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0614 (support) and a daily support at 1.0462.
The currency pair is trading above the 50-day moving average that should act as dynamic support and closed below the 10-day moving average but remains trading below and 200-day moving average both should act as dynamic resistances.
The key levels to watch are: a daily resistance at 1.0900, other daily resistance at 1.0819, the 10-day moving average at 1.0635 (resistance), a daily support at 1.0622, the 50-day moving average at 1.0614 (support) and a daily support at 1.0462.