Friday, September 29, 2017

EURUSD analysis for 29.09.2017

EURUSD is under the influence of some economic reports such as German Retail Sales and Unemployment Rate in Eurozone and Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income and Personal Spending data in the US. The support rests at 1.17660 with resistance at 1.18020 which both lines are below the weekly pivot point at 1.19470. The EMA of 10 is moving with bullish bias in the ascendant channel but it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in negative territory. The ADX is showing weak buy signals. Long positions are recommended towards 1.19. https://fxglory.com/eurusd-analysis-for-29-09-2017/

No comments:

Post a Comment