EURUSD analysis for 14.12.2017

EUR is acting strong against the weak USD. The ECB press conference today may also give more power to EUR. The support rests at 1.18030 with resistance at 1.18480 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 above the EMA of 200 and below the EMA of 100. The RSI falling 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 not showing any clear signals. Long positions are recommended towards 1.20. https://fxglory.com/eurusd-analysis-for-14-12-2017/