Yesterday the EURUSD went back and forward without any clear direction and closed in the middle of the weeks range, in addition managed to close within the previous day range, which suggests being clearly neutral, neither side is showing control.
The pair is trading above the 10, 50 and the 200-day moving averages that are acting as dynamic supports.
The key levels to watch are: a daily resistance at 1.1460, a 61.8% Fibonacci retracement at 1.1347 (resistance), a daily support at 1.1237, the 10-day moving average at 1.1210 (support), and a daily support at 1.1097.
Warning: today we will have ECB president Draghi speech so expect high volatility for today’s trading day.
"I trade to make money not to be right."