EURUSD analysis for 20.04.2017

The French presidential election is the most influential event for EUR. The support rests at 1.07030 with resistance at 1.07390 which both lines are above the weekly pivot point at 1.06180. The EMA of 10 is moving with bullish bias and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. The chart seems bullish targeting 1.08 area, however, the support level breakthrough will smooth the way for further decline targeting 1.0680. https://fxglory.com/eurusd-analysis-for-20-04-2017/