Wednesday, January 10, 2018

EURUSD analysis for 10.01.2018

Although no major economic reports were published, EURUSD fell on Tuesday session. The support rests at 1.19110 with resistance at 1.19650 which both lines are below the weekly pivot point at 1.20380. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing poor sell signal. The pair is falling towards the lower Bollinger band at 1.190 but soon it will start its correction pattern towards 1.208.

No comments:

Post a Comment