EURUSD analysis for 03.04.2017

While USD is acting strong against EUR, EUR is supported by unemployment change in Germany. The support rests at 1.06660 with resistance at 1.06850 which both lines are below the weekly pivot point at 1.07350. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving horizontally near the oversold area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing a weak sell signal. Short positions are recommended targeting 1.064 area. https://fxglory.com/eurusd-analysis-for-03-04-2017/