On yesterday session, the EURUSD tried to rise but found enough selling pressure near 1.1432 to give back all of its gains and closed near the low of the day, in addition, managed to close below Wednesday’s low, which suggests a strong bearish momentum.
The currency pair is trading below the 10, 50 and the 200-day moving averages, all should provide a dynamic resistance.
The key levels to watch: daily resistance at 1.1829, 61.8 Fibonacci expansion at 1.1795 (resistance), daily resistance at 1.1753, a key level at 1.1684 (resistance), the 50-day moving average at 1.1583 (resistance), a daily resistance at 1.1555, the 10-day moving average at 1.1463 (resistance) and a daily resistance at 1.1459 and a 2018 low at 1.1300 (support).
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