Currently, the EUR/USD pair is attempting to break over the 1.13300 level. We may expect EUR/USD to continue its downward trend if this test is successful.
1.13120 is support, while 1.13380 is a level of resistance. The Pivot Point at 1.13250 is placed between the lines of support and resistance, and the price is now below it. The EMA of 10 is moving in a bearish manner crossed the EMA100 and 200 moving horizontally. The MACD histogram is in positive area, and the RSI is moving toward the 30 points. There is little movement in the Stochastic which is located in oversold area. There is no clear signal in ADX.
• There is resistance at 1.13380, followed by resistance at 1.13510 and 1.13640.
• There is support at 1.13120 Below, there is 1.12990and 1.12860.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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