EURUSD analysis for 05.06.2017

There is a holiday in France and Germany but the US is releasing the non-manufacturing PMI data. The support rests at 1.12460 with resistance at 1.12830 which both lines are above the weekly pivot point at 1.12240. 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 falling towards the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals. EURUSD is falling down at the moment getting prepared for a longterm bullish trend. https://fxglory.com/eurusd-analysis-for-05-06-2017/