USD was empowered due to the Yellen’s speech on Monday. The support rests at 1.03820 with resistance at 1.04280 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 rising towards the 50 level, the Stochastic is moving in high ranges while showing upward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals. Short positions are recommended targeting 1.030 area.
EURUSD analysis for 21.12.2016
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