EURUSD is chiefly under the influence of some economic reports such as Retail Sales m/m, Final Services PMI and German, French and Italian Final Services PMI in Eurozone along with the IBD/TIPP Economic Optimism and Factory Orders m/m in the US.
The support rests at 1.13340 with resistance at 1.13730 which the weekly pivot point at 1.13460 is located in between the lines. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally on the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear signals.
Short positions are recommended towards the 61.8 level of Fibonacci.

eurusd analysis