Yesterday EURUSD went back and forward without any clear direction but managed to close in the green, near the high of the day, although closed within the previous day range, which suggests being slightly on the bullish side of neutral.
The pair continues to trade below all 3 moving averages the 10, 50 and 200 that should act as dynamic resistances.
The key levels to watch are: The 50-day moving average at 1.1203 (resistance), the 200-day moving average at 1.1100 (resistance), a daily resistance at 1.1097, the 10-day moving average at 1.1090 (resistance) and daily support 1.0900.
"I trade to make money not to be right." |