Yesterday the EURUSD tried to rally but found enough resistance at the 200-day moving average to turn around and closed near the low of the day, however closed within the previous day range, suggesting a weak bearish momentum.
The pair closed above the 10, 50-day moving averages that are acting now as dynamic support however did not managed to close above the 200 day moving average that is acting as dynamic resistance.
The key levels to watch are: A daily resistance at 1.1236, other daily resistance at 1.1097, the 200-day moving average at 1.1021 (resistance), 50-day moving average at 1.1000 (support), the 10-day moving average at 1.0947 (support) and a daily support at 1.0900.
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