EURUSD analysis for 13.11.2017

There is a possibility of rate hike for December due to Harker’s announcement. The support rests at 1.16430 with resistance at 1.16670 which both lines are above the weekly pivot point at 1.16310. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory. The ADX is showing sell signals. EURUSD may fall towards 1.16200 but buyers can target 1.1690. https://fxglory.com/eurusd-analysis-for-13-11-2017/