EURUSD analysis for 10.04.2019
Trump’s statement regarding imposing tariffs on EU products put USD under pressure.
The support rests at 1.12510 with resistance at 1.12750 which both lines are above the weekly pivot point at 1.12180. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA 100 and the EMA of 200. The RSI is rising towards overbought area and the Stochastic is moving in low ranges. The MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD may grow towards the upper Bollinger band at 1.12900.