EURUSD analysis for 05.07.2016

EURUSD is returning to its normal price after the UK referendum and now is chiefly affected by investor confidence indicator from Sentix. The pair is moving with bullish bias within the ascendant channel trying to reach its neutral zone but it is creating small candles on the way. The support rests at 1.11140 with resistance at 1.11400 which both lines are above the weekly pivot point at 1.10910. The EMA of 10 is below the EMA of 75 but it is climbing up the ascendant channel as well. The RSI is in 50 level, the MACD indicator is in neutral territory but the Stochastic is showing downward momentum. The pair still has the potential to go higher around the 61.8 of Fibonacci retracement otherwise it will fall to the pivot point line.

https://fxglory.com/eurusd-analysis-for-05-07-2016/