EURUSD analysis for 26.04.2017

EURUSD has been growing since the French Election and it seems that this pair will be chiefly under the influence of this event until it finishes. The support rests at 1.09140 with resistance at 1.09480 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 moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. Bull are still controlling the chart towards 1.10 level, however pullbacks can start soon towards the 61.8 level of Fibonacci. https://fxglory.com/eurusd-analysis-for-26-04-2017/