EURUSD analysis for 21.12.2017

The tax reform bill and the strong US economic data could not support USD. The support rests at 1.18540 with resistance at 1.18890 which both lines are above the weekly pivot point at 1.17760. 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 middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signals. Considering pullbacks on the way, long positions are recommended towards 1.197. https://fxglory.com/eurusd-analysis-for-21-12-2017/