EUR gained some momentum after Powell’s announcement.
The support rests at 1.12390 with resistance at 1.13080 which the weekly pivot point at 1.12680 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, 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.
Long positions are recommended towards 61.8 level of Fibonacci at 1.13300.