EUR was supported by the Abe-Trump meeting.
The support rests at 1.05800 with resistance at 1.06420 which both lines are below the weekly pivot point at 1.06780. The EMA of 10 is moving with bearish bias along the descendant channel and it is below the EMA of 100 and 200. The RSI is rising towards the 50 level area, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is showing a buy signal.
The bearish tone will continue its pressure targeting 1.0550.

eurusd analysis