EURUSD analysis for 17.05.2017

USD is under pressure due to Trump’s negotiations with Russia. The support rests at 1.10820 with resistance at 1.11280 which both lines are above the weekly pivot point at 1.09300. 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 in overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. Long term traders can target 1.12 while noting that pullbacks occur on the way. https://fxglory.com/eurusd-analysis-for-17-05-2017/