EURUSD analysis for 04.07.2017

Due to the US holiday, the market is moving very slowly and the only influential economic event is ECB Praet Speech in Eurozone. The support rests at 1.13360 with resistance at 1.13760 which the weekly pivot point at 1.13460 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally on the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing poor sell signals. EURUSD will continue its downward trend towards the 61.8 level of Fibonacci retracement. https://fxglory.com/eurusd-analysis-for-04-07-2017/