Euro-US Dollar (EURUSD) Weekly Technical
EUR/USD Technical Outlook:
Please refer daily EUR/USD charts for the following.
1) ADX: EUR/USD daily +DI remains above -DI line. The gap had narrowed down a bit but widened slightly again. ADX is well below 25 but rising (approx. 18.50).
2) MACD: EUR/USD daily MACD line remains above the signal line but there is a loss of momentum. No bullish crossover. The weekly MACD line remains over the signal line but the gap has narrowed down sharply, indicating some bearish sentiments on weekly chart.
3) EUR/USD Ichimoku Cloud: Tenkan-sen had moved over Kijun-sen. It was a weak bullish signal as it took place below the cloud but the price action had broken over the upper edge resistance of the cloud. The support has been coming at Tenkan line level.
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EUR/USD Interest Rate Difference
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