As a result, the EUR/USD pair has fallen below the previous support level of 1.1560 and is now attempting to go below the next support level of 1.15400. The RSI is oversold, but if the proper triggers materialize, there is still potential for more downward momentum.
The support rests at 1.15440 with resistance at 1.15560 which the price is moving below the Pivot Point at 1.15510 located between the lines. The EMA of 10 is moving in bearish bias in descendant channel below EMA of 100 and the EMA of 200. The RSI is moving below the level of 50, the MACD histogram is in positive territory. The Stochastic is moving in low ranges and is going to create a crossover buy signal. The ADX is showing a horizontal momentum.
• There is resistance at 1.15560, followed by resistance at 1.15630 and 1.15680.
• There is support at 1.15440 Below, there is 1.15390 and 1.15320.
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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