While USD is being empowered by the economic data, this pair is under pressure due to the geopolitical issues surrounding the trader war between the US and China.
The support rests at 1.22580 with resistance at 1.22920 which both lines are below the weekly pivot point at 1.23590. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
It seems that EURUSD is consolidating around 1.22 area, however, since it has reached the lower Bollinger band, it might start its correction pattern towards the upper band at 1.235.