EURUSD analysis for 23.08.2017

There are no major economic reports in the US or Eurozone and traders are waiting for Draghi’s speech. The support rests at 1.17380 with resistance at 1.17760 which the weekly pivot point at 1.17520 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and above the EMA of 200. The RSI is moving on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is showing weak sell signals. Due to lack of economic reports for EURUSD, this pair will be consolidating within the support and resistance area, today. https://fxglory.com/eurusd-analysis-for-23-08-2017/