Along with the tariffs imposed on the import of steel and aluminum which weakened USD, the chief economic advisor to Trump, Cohn’s resignation has put pressure on USD as well.
The support rests at 1.23990 with resistance at 1.24350 which both lines are above the weekly pivot point at 1.22750. 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 the 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.
Long positions are recommended towards 1.25.

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