Wednesday, January 24, 2018

EURUSD analysis for 24.01.2018

USD is getting weak due to the new policies of the US and EUR is empowered by the economic reports in Eurozone. The support rests at 1.22860 with resistance at 1.23540 which both lines are above the weekly pivot point at 1.22340. 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 high ranges 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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