EUR was supported due to the Euroland positive data. The support rests at 1.04360 with resistance at 1.04640 which both lines are below the weekly pivot point at 1.04940. The EMA of 10 is moving horizontally and it is below the EMA of 100 and 200. The RSI is moving on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signal. The chart seems bearish for now, the sellers’ target will be 1.0400.
EURUSD analysis for 27.12.2016
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