EURUSD: Facing 200 EMA on H4 | February 12, 2017

Eurusd is near to support level as we can see on the chart. This pair is fighting with the 200 EMA on h4 time frame. So if this pair can sustain this support, then we can see bullish movement again on this pair on the coming week.

There is a horizontal support level at 1.0590 level. Above this support level, we should look for buy. Stochastic indicator is also on oversold area. So it is indicating upcoming bullish movement on this pair.

On MACD indicator, we can see divergence on h4 time frame. Sellers are getting out from this pair. So it's time for buyers to take the bullish control on this pair. So above support level, we need to look for buy.