The ECB member Novotny’s speech supported EUR. The CPI data and the FOMC meeting minutes will be released today.
The support rests at 1.23480 with resistance at 1.23720 which both lines are above the weekly pivot point at 1.22790. 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 above the signal line in the positive territory. The ADX is showing buy signal.
EURUSD will continue its bullish trend towards 1.24.