While traders are expecting EURUSD correction pattern, lack of economic reports on Monday resumed the bullish tone.
The support rests at 1.20920 with resistance at 1.21500. 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 moving above level 50 and the ADX is not showing any clear signals. The MACD indicator is in negative territory.
While the price is above the weekly pivot point, buyers can expect 1.22000.