The US dollar seems to be a safe currency, especially with the financial system of the United, it is likely to have more upward momentum. Strong gains are observable in the EURUSD pairs in the fourth week and there is a positive movement on the chart which notifies a bullish trend.
The support rests at 1.2148 with resistance at 1.2160 which the price is reaching the Pivot Point at 1.2155 located between the lines. The EMA of 10 is moving in bullish bias in the ascendant channel and it is above EMA of 100 and the EMA of 200. The RSI is moving in overbought area, the MACD histogram is in positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal.
• There is resistance at 1.21600 , followed by resistance at 1.21670 and 1.21720.
• There is support at 1.21480 Below, there is 1.21430 and 1.21360.
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