EURUSD analysis for 07.02.2018
EUR is moving up and down and this is not because of any economic reports.
The support rests at 1.23710 with resistance at 1.24120 which both lines are below the weekly pivot point at 1.24360. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in the negative territory. The ADX is showing weak buy signal.
Long positions are recommended towards 1.25.