While there were no major economic reports in Eurozone, USD could not cover its loss and today the US is publishing Non-Farm Payrolls, Unemployment Rate and Balance of Trade.
The support rests at 1.18610 with resistance at 1.18970 which both lines are above the weekly pivot point at 1.17110. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory. The ADX is showing buy signals.
Long positions are recommended targeting 1.20.

eurusd analysis