EURUSD analysis for 31.05.2017

Draghi’s comments did not leave any impact on EURUSD however, the PCE data came out for the US, putting this currency under pressure. The support rests at 1.11680 with resistance at 1.12230 which the weekly pivot point at 1.12020 is located in between the lines. 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 on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. Long positions are recommended targeting 1.13. https://fxglory.com/eurusd-analysis-for-31-05-2017/