On Friday session the EURUSD initially fell but found enough buying pressure to turn around and close in the green near the high of the day with a narrow range.
Since 23rd of September the pair managed to close above the 50-day moving average signs of bull strength. EURUSD is being squeezed by the 50-day moving average (on the bottom) and the 10-day moving average (on the top) a break to either side will set the trend for the following days.
The key levels to watch today are 1.1237 (resistance), the 10-day moving average at 1.1226 (resistance), the 50-day moving average at 1.1184 and the 1.1097 daily support (Support).
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