After registering a little better finish in the previous session, the Euro is gradually rising in early Tuesday trading. The price movement of yesterday was an inside move. They often signal investor hesitation as well as the approaching emergence of volatility. In this particular instance, it seems to be reflecting a shift from negative to positive sentiment.

1.05530 is support, while 1.05880 is a level of resistance. The Pivot Point at 1.05700 is placed between the lines of support and resistance, and the price is now below it. The EMA of 10 is moving in a horizontal manner below the EMA100 and 200 moving in a bearish trend. The MACD histogram is in positive area with rising signals, and the RSI is moving toward low ranges. There is little movement in the Stochastic which is located in overbought area. There is a falling signal in ADX.

• There is resistance at 1.05880, followed by resistance at 1.05710 and 1.05880.
• There is support at 1.05530 Below, there is 1.05350 and 1.05180.

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.