EURUSD is fluctuating within the support and resistance area before the Fed decision today and the ECB decision on monetary policy on Thursday.
The support rests at 1.17340 with resistance at 1.17610 which the weekly pivot point at 1.17540 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA of 200 and has reached the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is moving in low ranges and the MACD is in the neutral territory. The ADX is not showing any clear signals.
EURUSD might fall towards 1.17 but later will grow again towards 1.181.

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