On yesterday session, the EURUSD initially rallied with wide range but found enough selling pressure near 1.1500 to trim most of its gains and closed in the middle of the daily range, in addition, managed to close within Tuesdays’ range, which suggests being clearly neutral, neither side is showing control.
The currency pair continues to trade above the 10-day moving average that should act as a dynamic support although 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 1.1753, a key level at 1.1684 (resistance), a daily resistance at 1.1555, the 50-day moving average at 1.1537 (resistance), a daily resistance at 1.1459, the 10-day moving average at 1.1390 (support), a 2018 low at 1.1300 (support) and 100 Fibonacci expansion at 1.1232 (Support).