The US strong economic reports in increasing the chance of rate hikes for Fed.
The support rests at 1.22300 with resistance at 1.22890 which both lines are below the weekly pivot point at 1.24360. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards the overbought area, the Stochastic is moving in middle ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The support area seems to be too strong to be broken therefore long positions are recommended towards the upper Bollinger band at 0.24.

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