analysis

EURUSD analysis for 05.02.2019

While USD is getting empowered, there are no strong economic data to support EUR.
The support rests at 1.14180 with resistance at 1.14400 which both lines are below the weekly pivot point at 1.14530. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA 100 and the EMA of 200. The RSI is falling towards oversold area 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 bearish trend towards 1.1400.

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Source: fxglory