EUR was supported due to the Business Climate report in Germany. The support rests at 1.03770 with resistance at 1.04270 which both lines are below the monthly pivot point at 1.08010. The EMA of 10 is moving with bearish bias and it is below the EMA of 100 and 200. The RSI is moving in oversold area, the Stochastic is moving in low ranges and it is showing downward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. Sellers can target 1.0350 for EURUSD’s next destination.
EURUSD analysis for 20.12.2016
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