As USD is growing for some time now, professionals are more attracted to buying USD and selling EUR. European Commission report is published today and it is not going to impact the pair much.
The support rests at 1.21030 with resistance at 1.21590. The weekly pivot point at 1.20460 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 100 and below the EMA of 200. The Stochastic is moving in high ranges, the RSI is moving in overbought area and the ADX is showing buy signal. The MACD indicator is in positive territory.
Buyers can expect the upper Bollinger band at 1.216500 which the pair may face some resistance.