EURUSD analysis for 22.12.2017

EUR is under pressure due to the Catalonia election in Spain and that is the reason of EURUSD decline towards 1.185 again. The support rests at 1.18380 with resistance at 1.18620 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 on the 50 level, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. The pair will continue its bullish trend towards the upper Bollinger band targeting 1.20. https://fxglory.com/eurusd-analysis-for-22-12-2017/