While EUR is acting stronger against the weak USD, USD can be empowered by the NFP data.
The support rests at 1.24710 with resistance at 1.25190 which both lines are above the weekly pivot point at 1.23930. 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 RSI is rising towards the overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
Currently long positions are recommended towards 1.26 however, if the support line is broken, the pair will drop towards 1.23.
Comments are closed.