EURUSD is under the influence of the presidential debates while considering that the Japanese, Canadian and USA markets were closed. The support rests at 1.11120 with resistance at 1.11480 which both lines are below the weekly pivot point at 1.11820. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area and has reached the oversold area, the Stochastic is moving horizontally in its minimum rates and the MACD indicator is in negative territory. The chart seems bearish targeting 1.1100.
EURUSD analysis for 11.10.2016
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