On the last Friday’s session, the EURUSD fell with a wide range and close near the low of the day, in addition, managed to close below Thursday’s range, which suggests a strong bearish momentum.
The currency pair closed below the 10 and the 50-day moving averages, both should provide a dynamic resistance, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: Daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1634 (resistance), the 50-day moving average at 1.1605 (resistance), a daily support at 1.1555, other daily support at 1.1459.