EURUSD analysis for 10.11.2016

There was no specific economic report in Europe to influence EUR however, the USD is falling due to the Trump’s triumph. The support rests at 1.09070 with resistance at 1.09710 which both lines are below the weekly pivot point at 1.10720. The EMA of 10 is moving with bearish bias and it is below the EMA of 100 and the EMA of 200. The RSI is moving below the 50 level, the Stochastic is moving horizontally in its minimum rate and the MACD indicator is in neutral territory. The ADX is not showing any clear signal at the moment. The chats seems bullish at the moment, long positions are recommended with the target at 1.1100.

https://fxglory.com/eurusd-analysis-for-10-11-2016/