The USD is losing power due to the economic reports in the US. The support rests at 1.09660 with resistance at 1.10060 which both lines are below the weekly pivot point at 1.10460. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is moving below the 50 area, the Stochastic is moving horizontally in low ranges and the MACD indicator is in negative territory. Short positions are recommended targeting 1.0950.
EURUSD analysis for 19.10.2016
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