EURUSD analysis for 28.11.2016

EUR is acting stronger than USD even though there were no important economic reports in euro zone. The support rests at 1.06200 with resistance at 1.07020 which both lines are above the weekly pivot point at 1.05870. The EMA of 10 is moving with bullish bias and it is below the EMA of 100 and the EMA of 200. The RSI is falling towards the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in neutral territory. The ADX is showing buy signals. Considering the upward trend, the pair will grow to 1.070 area.

https://fxglory.com/eurusd-analysis-for-28-11-2016/