EURUSD analysis for 13.12.2016

While EUR is being empowered, USD is getting weak. The support rests at 1.05940 with resistance at 1.06840 which both lines are above the weekly pivot point at 1.05710. The EMA of 10 is moving with bullish bias and it is below the EMA of 100 and 200. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is showing a weak buy signal. Despite the pairs attempt to rise, short positions are recommended targeting 1.050 area.


https://fxglory.com/eurusd-analysis-for-13-12-2016/