There were no major events in Euro zone therefore EURUSD is chiefly under the influence of Existing Home Sales. The support rests at 1.04240 with resistance at 1.04500 which both lines are below the monthly pivot point at 1.08010. The EMA of 10 is moving with bullish bias and it is below the EMA of 100 and 200. The RSI is moving on the 50 level, the Stochastic is moving in high ranges while showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signal. Long positions are recommended targeting 1.0500 area.
EURUSD analysis for 22.12.2016
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