FED Chair monitoring the impact of the extended trade war on the U.S economy and the willingness of China to return to the negotiating table supported EUR against major currencies.
The support rests at 1.12510 with resistance at 1.12760 which both lines are above the weekly pivot point at 1.11670. 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 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 challenging the resistance level of 1.1260-1.1270 area. The resistance level breakout will confirm the bullish trend towards the upper Bollinger band at 1.29900.