EUR/USD Technical Analysis: November 8, 2016 The euro endured a pressured area on the back of unfavorable release of Germany Factory Orders. On the other hand, the Presidential elections in US controlled the market sentiment. The EUR/USD pair diverge to a lower position during the opening on Monday while the price further curtailed and pushed the 1.1100 level. Consequently, the euro failed to procure gains approaching the support area at 1.1050. The downward momentum had faded after tried the said region causing the common currency marginally cut back. The 200-EMA established a neutral stance and impeded the weakening of euro as it rejected the upward price momentum. While the 50 and 100 EMAs run through the higher direction, seeing the 50-EMA crossover the 100-EMA. Resistance comes at 1.1000, support plop down the 1.1050 level. MACD had declined and indicated further weakening against the buyer’s position. RSI is seen descending.