EUR is acting weak due to M. Draghi’s comments. The support rests at 1.06550 with resistance at 1.07090 which both lines are below the weekly pivot point at 1.07440. The EMA of 10 is moving horizontally and it has already crossed the EMA of 100 but both of them are above the EMA of 200. The RSI is rising towards the 50 level area, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. The resistance level breakout will smooth the way for further growth otherwise, the pair will drop to 1.0600.
EURUSD analysis for 09.02.2017
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