On Monday session, the EURUSD initially rose with a narrow range but found enough selling pressure near 1.1370 to trim some of its gains and closed in the middle of the daily range, in addition, managed to within Fridays’ range, which suggests being clearly neutral, neither side is showing control.
The currency pair is trading above the 10 and 50-day moving averages that should act now as a dynamic supports although is still trading below the 200-day moving average that should provide a dynamic resistance.
The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 10-day moving average at 1.1377 (support), the 50-day moving average at 1.1361 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).
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