T Analysis

EURUSD analysis for 04.10.2019

the PMI index for the US services sector could not give much strength to USD.
The support rests at 1.09620 with resistance at 1.09880 which both lines are above the weekly pivot point at 1.09570. The EMA of 10 is moving with bullish bias in the ascendant 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 middle ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Cosidering the correction pattern EURUSD may grow towards 61.8 level of Fibonacci at 1.10100.

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Source: fxglory