T Analysis

EURUSD analysis for 07.10.2019

The US unemployment rate could not support USD against EUR.
The support rests at 1.09630 with resistance at 1.09990 which both lines are above the weekly pivot point at 1.09520. 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 moving on 50 level, the Stochastic is moving in middle ranges and the MACD line is on the signal line in the positive territory. The ADX is not showing any clear signals.

The support level breakthrough will push the price down towards 1.09200; otherwise, EURUSD will continue its bullish trend towards the upper Bollinger band at 1.10000.

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Source: fxglory