EURUSD analysis for 20.01.2017

USD is empowered due to the Initial Jobless Claims and Housing data. The support rests at 1.06380 with resistance at 1.07080 which both lines are above the weekly pivot point at 1.05920. The EMA of 10 is moving with bullish bias but it is above the EMA of 100 and the EMA of 200. The RSI is getting close to the 50 level, the Stochastic is moving in its maximum rate while showing downward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. It seems that bears are getting stronger therefore sellers can target 1.0600.

https://fxglory.com/eurusd-analysis-for-20-01-2017/