EUR is acting weak against USD and at the same time, USD gained ground against major currencies after Fed’s decision for leaving the key interest rate at 2.5%.
The support rests at 1.11950 with resistance at 1.12170 which both lines are above the weekly pivot point at 1.11730. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below the EMA 200 and the EMA of 100. The RSI is moving on 50 level and the Stochastic is moving in low ranges. The MACD line is on the signal line in the neutral territory. The ADX is showing buy signal.
The support level breakthrough may push the price down towards the lower Bollinger band at 1.11500; otherwise, EURUSD will continue its bullish trend towards EMA 100.