It seems that USD becoming weak has been a policy of the Trump government. EUR is appearing strong due to PMI data from Germany.
The support rests at 1.17800 with resistance at 1.18500 which both lines are above the weekly pivot point at 1.17110. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is not showing any clear signals.
Long positions are recommended targeting 1.19.

eurusd analysis