EURUSD analysis for 08.11.2018
The US election did not have much impact on EURUSD and now traders are waiting for the Germany Balance of Trade and the US Fed Interest Rate Decision.
The support rests at 1.14170 with resistance at 1.14550 which both lines are above the weekly pivot point at 1.13820. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving above the 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The pair has already reached 61.8 level of Fibonacci and now it is falling down therefore sellers can target 1.13.