analysis

EURUSD analysis for 01.02.2019

Eurozone’s economic data such as gross domestic product could not support EUR against USD.
The support rests at 1.14280 with resistance at 1.14520 which both lines are above the weekly pivot point at 1.13710. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA 100 and the EMA of 200. The RSI is moving on the 50 level and the Stochastic is moving in low ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
EURUSD may continue its decline towards 61.8 level of Fibonacci at 1.38.

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Source: fxglory