Corona has influenced the global economy. Now EUR and USD have the same strength.
The support rests at 1.12680 with resistance at 1.13270 which both lines are above the weekly pivot point at 1.12580. 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 RSI is moving above level 50, 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.
EURUSD is fluctuating around the middle Bollinger band. Both bullish and bearish scenarios are possible. The support level breakthrough will confirm the correction pattern otherwise the bullish pressure remains.
