EURUSD analysis for 10.10.2017

Due to yesterday’s holiday in the US, USD is acting weak. The support rests at 1.17500 with resistance at 1.18010 which both lines are above the weekly pivot point at 1.17390. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in neutral territory. The ADX is showing buy signals. Long positions are recommended towards 1.18. https://fxglory.com/eurusd-analysis-for-10-10-2017/