EURUSD analysis for 18.11.2016

USD is being supported by the chance of Fed’s rate hike and other economic developments on the way. The support rests at 1.05670 with resistance at 1.06190 which both lines are below the weekly pivot point at 1.09940. 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 in oversold area, the Stochastic is moving in its minimum rate and the MACD indicator is in negative territory. The ADX is showing sell signal. EURUSD will start its correction pattern soon targeting 1.0750.

https://fxglory.com/eurusd-analysis-for-18-11-2016/