EURUSD analysis for 06.10.2016

There have been no important economic reports in the EU however, EURUSD is falling down. The support rests at 1.11910 with resistance at 1.12090 which both lines are below the weekly pivot point at 1.12240. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. Sellers can target 1.117 area at the moment.

https://fxglory.com/eurusd-analysis-for-06-10-2016/