EURUSD is still under the influence of Brexit and also the ECB President’s speech regarding the deflationary pressure. The pair is still moving below the weekly pivot point with bullish bias. The support lies at 1.10410 with resistance at 1.10810 which both lines are below the weekly pivot point at 1.11440. The EMA of 10 is moving horizontally below the EMA of 75. The RSI is moving horizontally below the 50 level, the MACD indicator is trying to rise to the positive territory and the Stochastic is not providing any clear signal. The resistance level breakout can smooth the way for further growth targeting 1.1130.
EURUSD analysis for 29.06.2016
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