At the mid-session on Friday, the Euro surged to the upside, taking advantage of the weak holiday trading activity.
1.13460 is support, while 1.13750 is a level of resistance. The Pivot Point at 1.13620 is placed between the lines of support and resistance, and the price is now below it. The EMA of 10 is moving in a bullish manner between the EMA100 and 200 moving horizontally. THe MACD histogram is in positive area with an upward signal, and the RSI oscillates horizontally at 50 points. There is little movement in the Stochastic which is located in overbought area. There is no clear signal in ADX.
• There is resistance at 1.13750, followed by resistance at 1.13910and 1.14040.
• There is support at 1.13460 Below, there is 1.13330 and 1.13170.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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