USD was supported by J. Yellen’s speech and Consumer Confidence report.
The support rests at 1.07930 with resistance at 1.08320 which both lines are above the weekly pivot point at 1.07800. The EMA of 10 is moving with bearish bias along the descendant channel but it is above the EMA of 100 and 200. The RSI is falling towards the oversold area, the Stochastic is moving in low ranges and the MACD indicator is in neutral territory. The ADX is showing buy signals.
Short positions are recommended targeting 1.0650.

eurusd analysis