Technical analysis of EURUSD dated 08.04.2016

Today EURUSD will be more active because of Mario Draghi’s yesterday performance which empowered euro. Furthermore, , German Trade Balance, French Gov Budget Balance and French Industrial Production m/m will influence euro and USD will be affected by the Wholesale Inventories m/m and the Initial Jobless Claims for April. The price is moving above the weekly pivot point at 1.1326 finding support at 1.1351 with resistance at 1.1379. The MACD indicator is in positive territory showing the price growth with the RSI resting at 50 level. The pair most probably with continue its bullish pattern within the ascendant channel. Long positions are recommended with the target of 1.1500

https://fxglory.com/technical-analysis-of-eurusd-dated-08-04-2016/