Due to the Fed, U.S. jobs data and election, USD is getting weak. The support rests at 1.10430 with resistance at 1.11190 which both lines are above the weekly pivot point at 1.0945. The EMA of 10 is moving with bullish bias and it has crossed the EMA of 100 and is headed towards the EMA of 200. The RSI is moving in overbought area, the Stochastic is going horizontally in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signal at the moment. The chart appears to be bullish for today however the resistance zone at 1.111 area seems to be strong.
EURUSD analysis for 02.11.2016
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