USD has been supported by either the ADP employment reports or the result of the Fed meeting.
The support rests at 1.16140 with resistance at 1.16920 which the weekly pivot point at 1.16720 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. The ADX is not showing any clear signals.
The resistance level breakout will smooth the way for further growth, otherwise EURUSD will fall towards 1.14.

eurusd analysis

eurusd