On the last Friday’s session, the EURUSD went back and forward without any clear direction, consequently closed in the middle of the daily range, in addition, managed to close within Thursday range, which suggests being clearly neutral, neither side is showing control.
The currency pair traded above 50-day moving average that should act now as dynamic support nonetheless is still trading below the 10 and 200-day moving averages 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 1.1418 (resistance), the 50-day moving average at 1.1368 (support), October low at 1.1302 (support), a daily support 1.1236 and 2018 low at 1.1214 (support).
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