EURUSD analysis for 26.01.2018

USD was weakened again as a result of the US Treasury Secretary comments. The support rests at 1.24040 with resistance at 1.24960 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 low ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal. While 1.24 will remain the floor of the market, EURUSD will rise towards 1.26. https://fxglory.com/eurusd-analysis-for-26-01-2018/