EURUSD analysis for 07.07.2017

While EUR is being empowered by the economic reports in Eurozone, USD is getting weak due to the reports in the US. The support rests at 1.13980 with resistance at 1.14320 which both lines are above the weekly pivot point at 1.13460. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally above the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is not showing any clear signals. Long positions are recommended targeting 1.15. https://fxglory.com/eurusd-analysis-for-07-07-2017/