EURUSD analysis for 18.04.2017

The US is giving economic reports such as Building Permits, Capacity Utilization and Manufacturing Production. The support rests at 1.06340 with resistance at 1.06560 which both lines are above the weekly pivot point at 1.06180. The EMA of 10 is moving with bullish bias but it is below the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear signals. Short positions are recommended targeting 1.055. https://fxglory.com/eurusd-analysis-for-18-04-2017/