The coronavirus outbreak and the impact on the economy is weighing on USD.
The support rests at 1.11040 with resistance at 1.11850 which both lines are above the weekly pivot point at 1.09630. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD is moving in a wide range. There is a strong possibility of price consolidation within the support and resistance lines.

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