EURUSD is only under the influence of the Fed representative’s speech, Neel Kashkari. Yesterday the pair fell to 1.13015 but it has been moving with bullish bias since then. The support lies at 1.13160 with resistance at 1.13500 which both lines are above the weekly pivot point at 1.12540. The EMA of 10 is located above the EMA of 75 showing the recent price growth. Indicators are not presenting any clear signal for traders; the RSI is above the 50 level and is moving horizontally, the MACD indicator is in positive territory and the Stochastic is showing weak upward momentum. The resistance level breakout can push the price to higher levels targeting 1.1450 and the support level breakthrough can make the pair move in lower ranges around 1.11 level.
EURUSD analysis for 21.06.2016
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