EURUSD analysis for 03.08.2017

USD was weakened again due to ADP employment report and today there are no important economic reports to influence EURUSD. The support rests at 1.18270 with resistance at 1.18670 which both lines are above the weekly pivot point at 1.17110. 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 below the overbought area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals. Pullbacks cannot be considered as a start of the correction pattern. The pair will be choppy between 1.82 and 1.9 area. https://fxglory.com/eurusd-analysis-for-03-08-2017/