EURUSD analysis for 08.02.2017

EUR is under pressure due to Industrial Production in Germany. The support rests at 1.06520 with resistance at 1.06860 which both lines are below the weekly pivot point at 1.07440. The EMA of 10 is moving with bearish bias along the descendant channel and it has already crossed the EMA of 100 but both of them are above the EMA of 200. The RSI is falling towards the oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is showing sell signals. The pair will go lower targeting 1.0600. https://fxglory.com/eurusd-analysis-for-08-02-2017/