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On yesterday session, the EURUSD fell with a narrow range and closed near the low of the day, in addition, managed to close below Mondays’ low, which suggests a strong bearish momentum.
The currency pair is trading below the 10, 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1421 (resistance), the 10-day moving average at 1.1358 (resistance), October low at 1.1302 (resistance), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).
On yesterday session, the EURUSD initially fell but found enough buying pressure near 1.1267 to trim all of its losses 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 traded below the 10, 50 and the 200-day moving averages and all should provide a dynamic resistance.
The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1420 (resistance), the 10-day moving average at 1.1364 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).
On yesterday session, the EURUSD initially fell with a narrow range but found enough buying pressure near 1.1388 to trim all of its losses and closed near the high of the day, in addition, managed to close above Wednesday’s high, which suggests a strong bullish momentum.
The currency pair closed 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: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1418 (resistance), the 10-day moving average at 1.1358 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).
On the last Friday’s session, the EURUSD fell with a wide range and closed near the low of the day, in addition, managed to close below Thursday low, which suggests a strong bearish momentum.
The currency pair closed below the 10-day moving average that should act as a dynamic resistance although is trading below the 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1410 (resistance), the 10-day moving average at 1.1346 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).
On yesterday session, the EURUSD went back and forward without any clear direction, consequently closed in the middle of the daily range, in addition, managed to close within Fridays’ range, which suggests being clearly neutral, neither side is showing control.
The currency pair closed 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: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1408 (resistance), the 10-day moving average at 1.1346 (support), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).