While EUR is still struggling with the issues in Italy, USD is getting empowered. The support rests at 1.16470 with resistance at 1.17160 which the weekly pivot point at 1.17080 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing weak sell signal. EUR is not powerful enough to start the correction pattern, therefore the decline will start soon targeting 1.15.
EURUSD analysis for 01.06.2018
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