analysis

EURUSD analysis for 06.11.2018

USD has been empowered by the US final Markit services PMI and today there are no major economic reports in Eurozone.
The support rests at 1.13930 with resistance at 1.14260 which both lines are above the weekly pivot point at 1.13820. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD will be fluctuating within the upper and lower Bollinger bands.

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Source: fxglory