T Analysis

EURUSD analysis for 22.05.2020

Euro-zone’s Markit manufacturing PMI grew more than expected and initial jobless claims declined in the US.
The support rests at 1.08960 with resistance at 1.09710 which both lines are above the weekly pivot point at 1.08310. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal.

EURUSD is falling down towards the lower Bollinger band at 1.09060.

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Source: fxglory