The ECB’s hawkish talk along with the 10-year US-German yield spread are supporting EUR against USD which is under pressure due to U.S. Treasury yields report which fell sharply.
The support rests at 1.17680 with resistance at 1.18330 which both lines are above the weekly pivot point at 1.16330. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is falling down towards the 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
Long positions are recommended towards 1.20.