EURUSD analysis for 12.10.2017

EUR is acting strong against USD which is not supported by the economic reports and the FOMC minutes. The support rests at 1.18430 with resistance at 1.18910 which both lines are above the weekly pivot point at 1.17390. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. Long positions are recommended towards 1.20. https://fxglory.com/eurusd-analysis-for-12-10-2017/