As the result of French election, EUR was getting supported.
The support rests at 1.07750 with resistance at 1.08110 which both lines are above the weekly pivot point at 1.07060. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and 200. The RSI is falling towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals.
Despite the pair’s attempt to reach lower levels, it will continue its bullish trend targeting 1.0850 area.

eurusd analysis

eurusd