Monday, December 11, 2017

EURUSD analysis for 11.12.2017

USD has been supported by the strong US economic data. The support rests at 1.17650 with resistance at 1.17950 which both lines are below the monthly pivot point at 1.18401. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI rising towards the 50 level, 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 signal. The price is growing towards the upper Bollinger band targeting 1.185

No comments:

Post a Comment