EURUSD analysis for 10.08.2017

USD based pairs are chiefly under the influence of the US and North Korea issue. Now that there are no reports in Eurozone, traders are waiting for the US PPI data. The support rests at 1.17120 with resistance at 1.17740 which both lines are below the weekly pivot point at 1.18010. 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 falling below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is showing sell signals. EURUSD will continue its bearish trend towards 1.16. https://fxglory.com/eurusd-analysis-for-10-08-2017/