EURUSD analysis for 25.04.2017

EUR is being empowered by the French Election. The support rests at 1.08540 with resistance at 1.09060 which both lines are above the weekly pivot point at 1.07010. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving horizontally in overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The pair may grow to 1.0900 however, sellers can target 1.0800 for their long term trade. https://fxglory.com/eurusd-analysis-for-25-04-2017/