EURUSD analysis for 08.12.2016

There were no important economic reports yesterday to influence EURUSD. The support rests at 1.07510 with resistance at 1.07950 which both lines are above the weekly pivot point at 1.06480. The EMA of 10 is moving with bullish bias and it has crossed the EMA of 100 but it is below the EMA of 200. The RSI is moving above the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing a buy signal. Long positions are recommended targeting 1.0800 area.

https://fxglory.com/eurusd-analysis-for-08-12-2016/