EUR crashed yesterday due to the German election. Today EURUSD is under the influence of Fed Chief Yellen’s speech.
The support rests at 1.18340 with resistance at 1.18590 which both lines are below the weekly pivot point at 1.19470. The EMA of 10 is moving with bearish bias in the descendant channel but it is above the EMA of 200 and below the EMA of 100. The RSI is moving in the oversold area, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is showing sell signals.
EURUSD will continue its decline towards 1.1750.

eurusd analysis

eurusd