Friday, September 1, 2017

EURUSD analysis for 01.09.2017

EURUSD has been choppy for this week and today USD will lose momentum again due to the employment data in the form of NFP and wages data. The support rests at 1.18830 with resistance at 1.19190 which both lines are above the weekly pivot point at 1.18630. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 100 and the EMA of 200. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in neutral territory. The ADX is showing sell signals. The support level breakthrough will drag the price down to 1.17 otherwise it will grow to 1.20.

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