As the prices of Gold and Oil increase, they put more pressure on USD. Today, there are no major economic reports in Eurozone, but the US is publishing ISM Manufacturing data.
The support rests at 1.18920 with resistance at 1.19640 which the weekly pivot point at 1.19180 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 100 and the EMA of 200. The RSI is rising towards the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. The ADX is showing buy signals.
Long positions are recommended targeting 1.20.

eurusd analysis