T Analysis

EURUSD analysis for 14.10.2020

The increasing popularity of Biden is leaving no impact on USD. EUR went under some pressure due to the vaccine with severe side effects.
The support rests at 1.17260 with resistance at 1.17650 which both lines are below the weekly pivot point at 1.17890. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above 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.
Further decline is expected towards 1.16820.

Source: fxglory