T Analysis

EURUSD analysis for 31.07.2019

EUR has been empowered by the strong economic reports in Eurozone.
The support rests at 1.11420 with resistance at 1.11660 which the weekly pivot point at 1.11510 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing clear signals.
It seems that EURUSD is growing up towards EMA of 100 at 1.12000.

eurusd
Source: fxglory