EURUSD analysis for 13.12.2017

The FOMC rate announcement and statement will bring some volatility to EURUSD which has been moving slowly. The support rests at 1.17230 with resistance at 1.17730 which both lines are below the weekly pivot point at 1.17920. 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 falling towards the oversold area, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. If the price breaks the 1.18 level, it will grow towards 1.20 area, otherwise, it will continue its bearish trend towards 1.15. https://fxglory.com/eurusd-analysis-for-13-12-2017/