Mass vaccination is taking place in the US and the UK. While there were no major economic reports in Eurozone and the US, traders focused on technical analysis.
The support rests at 1.20380 with resistance at 1.21310. The weekly pivot point at 1.21060 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The Stochastic is moving in low ranges, the RSI is moving in oversold area and the ADX is not showing any clear signals. The MACD indicator is in negative territory.
EURUSD is trying to recover from the decline however it seems that the bears are in control so sellers can expect 1.20000.