EURUSD analysis for 09.11.2016

EURUSD had a sharp growth due to the US election and now it is falling down. The support rests at 1.11100 with resistance at 1.13690 which both lines are above the weekly pivot point at 1.10900. The EMA of 10 is moving with bullish bias and it is above the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear signal at the moment. Short positions are recommended targeting 1.1000.

https://fxglory.com/eurusd-analysis-for-09-11-2016/