EURUSD analysis for 04.11.2016

EURUSD is under the influence of EURGBP decline and the US election. The support rests at 1.10760 with resistance at 1.11160 which both lines are above the weekly pivot point at 1.0945. The EMA of 10 is moving with bullish bias and it has crossed the EMA of 100 and EMA of 200. The RSI is moving in overbought area, the Stochastic is moving in neutral area and the MACD indicator is in positive territory. The ADX is not showing any clear signal at the moment. Considering the bearish scenario, the pair is targeting 1.1000.

https://fxglory.com/eurusd-analysis-for-04-11-2016/