EURUSD analysis for 23.11.2017

EURUSD started its bullish movement after the FOMC minutes and this pair will not be volatile due to the thanksgiving ahead. The support rests at 1.18070 with resistance at 1.18490 which both lines are above the weekly pivot point at 1.17610. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.20. https://fxglory.com/eurusd-analysis-for-23-11-2017/