As long as we stay above the EMA of 50, the 1.18500 level is the potential target. Looking to the downside, a break below the 1.15 handle would likely be a highly unfavorable turn of events, opening the door to a move towards the 1.12500 area.
The support rests at 1.15960 with resistance at 1.16100 which the price is moving below the Pivot Point at 1.16030 located between the lines. The EMA of 10 is moving in a slight bullish bias in the ascendant channel below the EMA of 100 and the EMA of 200. The RSI is moving toward the level of 70, the MACD histogram is in positive territory and a crossover buy signal is already generated. The Stochastic is moving in high ranges. The ADX is showing an upward momentum.

• There is resistance at 1.16100, followed by resistance at 1.16170 and 1.16240.
• There is support at 1.15960 Below, there is 1.15890 and 1.15820.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.