EUR was in bullish trend against USD due to the general weakness of USD. Traders await the ECB interest rate decision which lowering the rates will cause a negative impact on the economy and EUR. On the other hand, breaking the 1.2000 level will bring more support for EUR.
EUSUSD is finding support at 1.18780 with resistance at 1.19830. The weekly pivot point at 1.19080 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is showing upward momentum, the RSI is growing towards overbought area and the ADX is showing buy signal. The MACD indicator is in negative territory.
Buyers can expect 1.20000 again and there might be further growth as well.