EURUSD analysis for 01.08.2019
The economic data in Eurozone could not support EUR against USD.
The support rests at 1.10280 with resistance at 1.10730 which both lines are below the weekly pivot point at 1.11510. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
EURUSD is remaining in bearish zone therefore short positions are recommended towards 1.09800.