EURUSD analysis for 26.10.2017

Today the ECB rate announcement and statement and the press conference by Draghi are the most influential events of EURUSD. The support rests at 1.18170 with resistance at 1.18420 which both lines are above the weekly pivot point at 1.17920. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.21. https://fxglory.com/eurusd-analysis-for-26-10-2017/