Business Climate, Economic Sentiment and Services Sentiment in Eurozone weakened EUR. The support rests at 1.06100 with resistance at 1.06660 which both lines are above the weekly pivot point at 1.05870. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 100 and the EMA of 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 not showing any signals. Due to the poor economic reports in Eurozone, we will stay bearish for now targeting 1.0500.
EURUSD analysis for 30.11.2016
Comments are closed.