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On yesterday session, the EURUSD went back and forward without any clear direction but 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 is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753), the 50-day moving average at 1.1710 (resistance), a key level at 1.1684 (resistance), the 10-day moving average at 1.1644 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
Key levels to watch for:
Support: 1.1560; 1.1380;
Resistance: 1.1720; 1.1920;
On yesterday session, the EURUSD rose with a wide range but found enough resistance at the 50-day moving average to trim some of its gains and closed in the middle of the daily range, in addition, managed to close above Wednesday’s high, which suggests a bullish momentum.
The currency pair is trading above the 10-day moving average that should provide a dynamic support, nonetheless, it continues to trade below the 50 and the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753), the 50-day moving average at 1.1707 (resistance), a key level at 1.1684 (resistance), the 10-day moving average at 1.1645 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
On the last Friday’s session, the EURUSD rallied with a wide range and closed near the high of the day, in addition, managed to close above Thursday’s high, which suggests a strong bullish momentum.
The currency pair is trading above the 10-day moving average and has close above the 50-day moving average, both should provide a dynamic support, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 50-day moving average at 1.1701 (support), a key level at 1.1684 (resistance), the 10-day moving average at 1.1680 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
On yesterday session, the EURUSD initially rallied but found enough selling pressure near 1.1790 to trim all of its gains and closed near the low of the day, however, managed to close within Friday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10-day moving average and has close above the 50-day moving average, both should provide a dynamic support, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 50-day moving average at 1.1701 (support), a key level at 1.1696 (resistance), the 10-day moving average at 1.1696 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
On yesterday session, the EURUSD initially fell but found enough support on the confluence of the 10 and the 50-day moving averages to reverse nonetheless managed to close near the high of the day, however, closed within Mondays’ range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 10-day moving average and has close above the 50-day moving average, both should provide a dynamic support, nonetheless, it continues to trade below the 200-day moving averages that should provide dynamic resistance.
The key levels to watch: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, the 10-day moving average at 1.1700 (support), the 50-day moving average at 1.1693 (support), a key level at 1.1684 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).