USD is under pressure due to Yellen’s speech. EUR is also impacted by the economic reports in Eurozone such as Eurozone Trade Balance and Italian trade balance.
The support rests at 1.07650 with resistance at 1.07850 which both lines are above the weekly pivot point at 1.06310. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and 200. The RSI is moving horizontally in the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals.
EURUSD will continue its upward trend within Andrews’ pitchfork targeting 1.08.

eurusd analysis

eurusd