EURUSD analysis for 07.08.2017

Finally, EURUSD bullish trend has been broken by the positive reports from the US. The support rests at 1.17690 with resistance at 1.18200 which the weekly pivot point at 1.18010 is located in between the lines. The EMA of 10 is moving with bearish bias 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 neutral territory. The ADX is not showing any clear signals. EURUSD will continue its bullish trend to cover the recent loss towards 1.1880. https://fxglory.com/eurusd-analysis-for-07-08-2017/