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    Forex News from New Forex: Technical analysis of EUR/USD

    On Friday the pair shows some price decline within the immediate support at 1.1111 and resistance at 1.1186. Moving averages EMA20 and EMA55 demonstrate upwards tendency, the MACD-histogram entered the positive zone and rises along with the strengthening of the RSI which keeps advancing. However, it’s too early to speak about any serious market reverse, the oscillator Stochastic is seen in the zone of overbought and sends signals to sell.

    Technical analysis of EUR/USD

    NewForex Analyst

    Michael Butnitsky


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