EURUSD analysis for 12.12.2016

USD was empowered due to the ECB decision. The support rests at 1.05320 with resistance at 1.05860 which both lines are below the monthly pivot point at 1.08010. The EMA of 10 is moving with bearish bias and it has crossed the EMA of 100 and now it is below the EMA of 100 and 200. The RSI is moving below the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The chart is going bullish at the moment targeting 1.0613.


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