Thursday, January 18, 2018

EURUSD analysis for 18.01.2018

USD gained momentum yesterday but it was not enough to create a correction pattern. The support rests at 1.21600 with resistance at 1.22190 which both lines are above the weekly pivot point at 1.21100. The EMA of 10 is moving with bearish 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 showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. EURUSD may drop towards the lower Bollinger band but long term traders can target 1.24.

No comments:

Post a Comment