honeill
Sergeant
- Messages
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On yesterday session, the EURUSD initially rallied with a wide range but found enough selling pressure near 1.2320 to erase most of its gains 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 is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2432, other daily resistance at 1.2287, the 10-day moving average at 1.2120 (support), a daily support at 1.2115 and a daily support at 1.2041 (support).
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch: a daily resistance at 1.2432, other daily resistance at 1.2287, the 10-day moving average at 1.2120 (support), a daily support at 1.2115 and a daily support at 1.2041 (support).