EURUSD analysis for 28.10.2016

EURUSD is massively under the influence of Initial Jobless Claims and Durable Goods Orders releases. The support rests at 1.08930 with resistance at 1.09170 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 200. The RSI is moving above the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory, heading up. The ADX is showing buy signal at the moment. Long positions are recommended targeting 1.0950.

https://fxglory.com/eurusd-analysis-for-28-10-2016/