EURUSD analysis for 19.05.2017

Former FBI Director Comey’s claims regarding Trump and Russia plans supported USD after its decline. The support rests at 1.10940 with resistance at 1.11300 which both lines are above the weekly pivot point at 1.09300. The EMA of 10 is moving horizontally 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 not showing any clear signals. Long positions are recommended targeting 1.1150. https://fxglory.com/eurusd-analysis-for-19-05-2017/