EURUSD analysis for 02.03.2017

While Trump’s speech left a negative impact on USD, Fed representatives saved this currency from losing momentum. The support rests at 1.05210 with resistance at 1.05370 which both lines are below the weekly pivot point at 1.05610. 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 horizontally below the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is not showing any clear signals. Short positions are recommended targeting 1.045 area. https://fxglory.com/eurusd-analysis-for-02-03-2017/