EURUSD analysis for 26.10.2016

In spite of strong Business Climate and Expectations in Germany, EURUSD had some minor changes. The support rests at 1.08590 with resistance at 1.09130 which both lines are below the weekly pivot point at 1.09260. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100 and the EMA of 100 is located below the EMA of 200 which shows the long term bearish trend of this pair. The RSI is growing towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory, heading up. The ADX is not showing any clear signal at the moment. EURUSD is starting its growth targeting 1.0950.

https://fxglory.com/eurusd-analysis-for-26-10-2016/