The US inflation data did not support USD much so EUR buyers remained in the market.
The support rests at 1.19080 with resistance at 1.19470. The weekly pivot point at 1.19730 is located above the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200. The Stochastic is moving in high ranges, the RSI is moving on level 50 and the ADX is not showing any clear signals. The MACD indicator is in positive territory.
The indicators are showing upward trend. Considering the correction pattern buyers can expect level 61.8 of Fibonacci at 1.20800. Otherwise, USD bulls may resume the down ward trend towards 1.18500.

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