EURUSD analysis for 20.02.2017

USD is getting weak due to the Presidents’ Day. The support rests at 1.05990 with resistance at 1.06270 which both lines are below the monthly pivot point at 1.06490. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and 200. The RSI is moving below the 50 level, the Stochastic is moving in its low ranges and the MACD indicator is in neutral territory. The ADX is showing a weak buy signal. It seems that the pair is falling down within Andrews’ pitchfork targeting 1.0550. https://fxglory.com/eurusd-analysis-for-20-02-2017/