EURUSD analysis for 09.05.2017

Apart from Macron’s victory there have been no important economic reports to influence EURUSD. The support rests at 1.09080 with resistance at 1.09410 which both lines are below the weekly pivot point at 1.09570. The EMA of 10 is moving with bearish bias but it is above the EMA of 100 and the EMA of 200. The RSI is falling towards oversold area, the Stochastic is moving in low ranges and the MACD indicator is in neutral territory. The ADX is showing sell signals. While noting that 1.08 level is a strong support area, EURUSD will continue its bearish trend. https://fxglory.com/eurusd-analysis-for-09-05-2017/