EURUSD is chiefly under the influence of Brexit issue for today. When the market opened there was a sudden rise for this pair but now it is creating a bearish candle. The support lies at 1.12880 with resistance at 1.13880 which both lines are above the weekly pivot point at 1.12540. The EMA of 10 is rising and has just crossed the EMA of 75.The RSI is at the overbought area and it may fall at any time soon. The MACD indicator is in positive territory and the Stochastic is showing price growth as well. The chart looks more bearish than bullish at this point. The decrease will continue until it reaches 1.1130.
EURUSD analysis for 20.06.2016
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