On yesterday session, the EURUSD initially fell but found enough buying pressure near 1.1267 to trim all of its losses and closed near the high of the day, in addition, managed to close above Tuesdays’ high, which suggests a strong bullish momentum.
The currency pair traded below the 10, 50 and the 200-day moving averages and all should provide a dynamic resistance.
The key levels to watch: a daily resistance at 1.1555, a daily resistance at 1.1459, the 50-day moving average at 1.1420 (resistance), the 10-day moving average at 1.1364 (resistance), October low at 1.1302 (support), a daily support 1.1236, 2018 low at 1.1214 (support) and 100 Fibonacci expansion at 1.1189 (support).
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