Monday, January 15, 2018

EURUSD analysis for 15.01.2018

The EURUSD chart will remain bullish due to the strong EUR and weak USD. Today is bank holiday in the US. The support rests at 1.21690 with resistance at 1.22440 which both lines are above the weekly pivot point at 1.21100. 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 showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. Long positions are recommended towards 1.24.

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