Today we are not having a volatile market for EURUSD since there are no major economic reports in Eurozone or the US.
The support rests at 1.17930 with resistance at 1.18470 which both lines are above the weekly pivot point at 1.17850. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is showing downwards momentum and the MACD indicator is in neutral territory. The ADX is not showing any clear signals.
Short positions are recommended targeting 1.1689.

eurusd analysis