There is no special reason for USD decline today. The US unemployment rate is expected to decline which might bring some support to USD.
The support rests at 1.21070 with resistance at 1.21710. 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 downward momentum, the RSI is moving in overbought area and the ADX is showing buy signal. The MACD indicator is in neutral territory.
Considering the upward trend EURUSD is targeting the upper Bollinger band at 1.22000; Otherwise, if the support line is violated, sellers can expect the correction pattern towards the lower band at 1.19660.
