EUR was supported by the strong economic data in Eurozone like the retail sales growth in Germany. Today the reports on services sector will influence the power of this currency.
EUSUSD is finding support at 1.20650 with resistance at 1.21430. The weekly pivot point at 1.19080 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is showing upward momentum, the RSI is growing towards overbought area and the ADX is showing buy signal. The MACD indicator is in positive territory.
Considering the bullish momentum shown by indicators, buyers can expect 1.22000.