USD empowered when Trump supporters descended on the Capitol to protest the certification of Joe Biden’s election victory.
The support rests at 1.21870 with resistance at 1.23280. The weekly pivot point at 1.21560 is located below the lines. The EMA of 10 is moving with bearish bias 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 rising towards level 50 and the ADX is showing sell signal. The MACD indicator is in negative territory.
The support line seems too strong to be violated, the decline may continue towards 1.22000; Bulls will return to the market afterwards.