This week is going to be important for EUR. The issues over Brexit and the EU summit decision do not seem supportive for EUR. The US NonFarm Payrolls came lower than forecasted.
The support rests at 1.21070 with resistance at 1.21620. The weekly pivot point at 1.20740 is located below the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The Stochastic is moving in low ranges, the RSI is falling towards level 50 and the ADX is showing sell signal. The MACD indicator is in negative territory.
The support level breakthrough will confirm the bearish trend towards the lower Bollinger band at 1.20500; otherwise, EURUSD will continue its growth towards 1.21850.
