The imposition of tariffs on steel and aluminum put USD on pressure.
The support rests at 1.22510 with resistance at 1.22960 which both lines are below the weekly pivot point at 1.23290. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in the negative territory. The ADX is showing weak buy signal.
Long positions are recommended towards the 61.8 level of Fibonacci at 1.24.

eurusd

eurusd