Democrats won a seat in the upper house of the US Congress which led to the empowerment of EUR.
The support rests at 1.22580 with resistance at 1.23650. The weekly pivot point at 1.21560 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 moving in high ranges, the RSI is moving above level 50 and the ADX is showing sell signal. The MACD indicator is in neutral territory.
It’s difficult to determine when the correction pattern is going to start. For now, 1.23900 – 1.2410 can be targeted.
