EUR and USD as both moving strongly. Today Draghi and Yellen’s speeches are the most influential events for EURUSD.
The support rests at 1.16580 with resistance at 1.16820 which both lines are above the weekly pivot point at 1.16310. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals.
Buyers can target 1.17 area.

eurusd analysis