EURUSD is still under the influence of the Fed’s decision leaving the rates unchanged. The support rests at 1.11930 with resistance at 1.12290 which the weekly pivot point at 1.12040 is located in between the lines. The EMA of 10 is moving with bearish bias falling down towards the EMA of 100. The RSI is moving below the 50 area, the Stochastic is moving in low ranges and the MACD indicator is in positive territory heading down. Short positions are recommended with the target at 1.1150.
EURUSD analysis for 28.09.2016
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