USD is under pressure due to Fed’s policy in easing the monetary policy and stimulate.
The support rests at 1.13200 with resistance at 1.13590 which both lines are above the weekly pivot point at 1.12580. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is below the signal line in the negative territory. The ADX is showing weak buy signal.
EURUSD tried to go beyond the colored area but it found strong resistance on 1.13500. The bullish momentum still remains; buyers can target 1.14000.
