EUR/USD, daily MA100 & 200 holds!
As I pointed in my previous EUR/USD analysis from September 28., the pair stoped on the way up at 1.1320, after bad NFP numbers on Friday. That level was the clear sellers teritory. There are two daily burning candles from Friday and Monday now, but on the way down there is up trendline and daily MA100 and 200 as support as well. So, the pair is stuck in this triangle for now. Here are the SR levels. Bellow daily MA’s there is 1.1080/1.1100 as previous suport from September, 1.1000 is stronger up trend line and support level. On the way up, there is 1.1220 as the first resistance, 1.1240/60 is level where the H4 MA’s 100 and 200 are waiting, 1.1290/320 is the strong resistance as you can see. Let’s follow, there is not much to write about in the last couple of days, that why I only observing the market. The pair looks bullish, but there is not enough strenght for higher levels for now.