On yesterday session the EURUSD rallied with a wide range and closed in the green near the high of the day, in addition managed to close above previous day high, suggesting a strong bullish momentum.
The pair closed above the 10 and 50-day moving average that is acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).
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