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On the last Friday’s session, the EURUSD rallied 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 closed above the 10 and the 50-day moving averages, 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 1.1687 (support), a key level at 1.1684 (support), the 50-day moving average at 1.1676 (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 resistance at 1.1753 to erase 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 traded above the 10 and the 50-day moving averages, 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, a key level at 1.1684 (support), the 10-day moving average at 1.1682 (support), the 50-day moving average at 1.1675 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
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 below Mondays’ low, which suggests a bearish momentum.
The currency pair traded above the 10 and the 50-day moving averages, 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, a key level at 1.1684 (support), the 10-day moving average at 1.1684 (support), the 50-day moving average at 1.1676 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
On yesterday session, the EURUSD rallied with an average range and closed near the high of the day, in addition, managed to close above Tuesdays’ high, which suggests a strong bullish momentum.
The currency pair is trading above the 10 and the 50-day moving averages, 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 1.1687 (support), a key level at 1.1684 (support), the 50-day moving average at 1.1677 (support), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
On yesterday session, the EURUSD initially rose but found enough selling pressure to erase all of its gains and closed near the low of the day, in addition, managed to close below Wednesday’s low, 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: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1675 (resistance), the 50-day moving average at 1.1678 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).
On the last Friday’s session, the EURUSD initially fell but found enough buying pressure to trim all of its losses and manage to close near the high of the day, however, closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair trading 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: January low at 1.1915 (resistance), a daily resistance at 1.1829, a daily resistance at 1.1753, a key level at 1.1684 (resistance), the 10-day moving average at 1.1680 (resistance), the 50-day moving average at 1.1678 (resistance), a daily support at 1.1555 and year-to-date low at 1.1509 (support).