As the US is facing severe political crisis due to Trump’s actions, the demand for USD is decreasing.
The support rests at 1.13230 with resistance at 1.14050 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 falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The support level breakthrough will push the price down towards the lower Bollinger band at 1.12500; otherwise buyers can expect 1.14100.
