EURUSD analysis for 26.05.2017

The US is publishing durable goods data and the Preliminary GDP data and the Eurozone has released Business Confidence and Consumer Confidence. The support rests at 1.11740 with resistance at 1.12330 which both lines are above the weekly pivot point at 1.11130. 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 rising towards the 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 1.1260. https://fxglory.com/eurusd-analysis-for-26-05-2017/