analysis

EURUSD analysis for 09.11.2018

USD has been massively empowered by the Fed Decision.
The support rests at 1.13180 with resistance at 1.13600 which both lines are below the weekly pivot point at 1.13820. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, 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 support level breakthrough can push the price lower towards 1.129, however, the rate has already reached the lower Bollinger band therefore there might be a growth towards 1.14.

eurusd
Source: fxglory